Despite its many flaws, abandoning the international trading system would be a major economic and strategic mistake. Instead, the United States must… — Scott Bessent Copy Share Image
Bidenomics was the belief that a government spending bonanza could juice the economy after the turmoil caused by a pandemic, lockdowns and… — 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
If you don't like Chinese economic policy, flooding the market with over production, you could put a sanction on them, or a… — Scott Bessent Copy Share Image
I think what's different about Trump is he's a businessman - and he understands economics. — Scott Bessent Copy Share Image
If a country with a free market trades with a managed economy, it in effect imports the industrial-policy choices of the managed… — Scott Bessent Copy Share Image
I believe that if you have good economic policies, you're naturally going to have a strong dollar. — Scott Bessent Copy Share Image
President Trump's record of tax reform and deregulation powered the American economy to the fastest real wage increases in a generation. — Scott Bessent Copy Share Image
The lesson of global economic integration is that free trade is to some degree in tension with free markets. — 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 Image
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 Image
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 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 inflationary. Indeed,… — Scott Bessent Copy Share Image
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 Image
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 Image
The original sin of Bidenomics was the American Rescue Plan, which became law in March 2021. — Scott Bessent Copy Share Image
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 Image
Academic economists have consistently discredited themselves by wrongly warning against the policies of President Trump. — Scott Bessent Copy Share Image
Allowing the private sector rather than the government to allocate capital is crucial to growth. — Scott Bessent Copy Share Image
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 Image
