The Meb Faber Show · Friday, September 11, 2026
Robin Wigglesworth, author of "A Fabulous Debt," argues that bonds are the most important part of the financial system, despite the stock market's greater glamour. He asserts that bond prices are effectively the price of money and that bonds rule everything around us, even explaining the US's status as a hyperpower.
“Why are most people not up to speed on how big of a deal bonds are? It's kind of seen as like the boring type of finance. But I'd say they certainly by far the most important. Like it is the bedrock to the entire financial system.”
“You know, the price of bonds, it's kind of the price of money. And it kind of rules everything around us.”
“It's not really the stock market and yet the stock market gets all the attention. But yeah, I'm going to just try and correct that a little bit because bonds are cool.”