The inflation comes through either increasing the money supply or increasing the government spending, and that's what happened under Biden. — Scott Bessent Copy Share Image
This IRA, this Inflation Reduction Act, which is Orwellian named, is a doomsday machine for the federal budget. — Scott Bessent Copy Share Image
Inflation, interest rates and immigration - the three I's - have created a toxic economic mix for the bottom 50% of American… — Scott Bessent Copy Share Image
The U.S. must reform the Inflation Reduction Act's distortionary incentives that encourage unproductive investment, which has to be sustained by a lifetime… — Scott Bessent Copy Share Image
The Biden administration's blowout spending and regulatory restraints on the supply side of the economy unleashed insidiously persistent inflation that has eroded… — Scott Bessent Copy Share Image
In retrospect, 'Bidenomics' was a sad, simple and cynical economic plan: spend, spend, spend while opening up the U.S. southern border to… — Scott Bessent Copy Share Image
Tariffs can't be inflationary because if the price of one thing goes up, unless you give people more money, then they have… — Scott Bessent Copy Share Image
President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove… — Scott Bessent Copy Share Image
While inflation adjusted average hourly earnings rose 2.4% during Trump's first three years in office, they have declined 2.2% under Joe Biden.… — Scott Bessent Copy Share Image
If Vice President Albert Arnold Gore, Jr. had won his home state of Tennessee on November 7, 2000, he would have become president of… — Scott Bessent Copy Share
Our firm: We study history. We think about the future. We try to analyze what's going on in the present. — Scott Bessent Copy Share
Tariffs can't be inflationary because if the price of one thing goes up, unless you give people more money, then they have less money… — Scott Bessent Copy Share
President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove inflationary. Indeed,… — Scott Bessent Copy Share
We are stretching our nation's finances and creditworthiness so thin that we may find ourselves unable to afford to defend our interests around the… — Scott Bessent Copy Share
Treasury Secretary Janet Yellen has distorted Treasury markets by borrowing more than $1 trillion in more-expensive shorter-term debt compared with historical norms. Terming out… — Scott Bessent Copy Share
The original sin of Bidenomics was the American Rescue Plan, which became law in March 2021. — Scott Bessent Copy Share
Used strategically, tariffs can increase revenue to the Treasury, encourage businesses to restore production and reduce our reliance on industrial production from strategic rivals. — Scott Bessent Copy Share
Academic economists have consistently discredited themselves by wrongly warning against the policies of President Trump. — Scott Bessent Copy Share
Allowing the private sector rather than the government to allocate capital is crucial to growth. — Scott Bessent Copy Share
Despite its many flaws, abandoning the international trading system would be a major economic and strategic mistake. Instead, the United States must adopt policies… — Scott Bessent Copy Share
Trump does like to pick fights, but it is a mistake to think he is transactional on China. — Scott Bessent Copy Share
The Federal Reserve was forced to raise rates at a record pace after the demand shock created by Biden's multi-trillion-dollar spending packages were launched… — Scott Bessent Copy Share
