Latest / The Fiscal Policy Podcast with Fexingo: Government Budgets, Stimulus, and Public Spending
How Municipal Bonds Really Fund Your City
In this episode of The Fiscal Policy Podcast, Lucas and Luna unpack the municipal bond market — a $4 trillion ecosystem that quietly finances schools, highways, and water systems across America. Using the real case of Jackson, Mississippi's water crisis, they explain how muni bonds work, why yields stay low, and what happens when a city defaults. Lucas breaks down the tax-exempt advantage, the role of bond insurers, and why wealthy investors love these securities. Luna questions whether the system deepens inequality by favoring rich buyers and skimping on oversight. They also look at the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.