One of the biggest misapprehensions about Donald Trump is that he's going to be profligate. He said to me, 'Scott, what are we going to do about the debt and deficits? How are we going to get those under control… — 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
