---
title: "1 Wage Earners Quotes By Scott Bessent"
description: "1 Wage Earners quotes by Scott Bessent. Plus more from Scott Bessent and more Wage Earners sayings from other authors."
image: "https://sms4smile.com/quotes/i/305/scott-bessent-8205_american_inflation-interest-rates-and-immigration_783789.jpg"
---

> [Inflation, interest rates and immigration - the three I's - have created a toxic economic mix for the bottom 50% of American wage earners during President Joe Biden's first three years in office.](https://sms4smile.com/quotes/scott-bessent/inflation-interest-rates-and-immigration-the-three-i-s-have-created-a/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

[Image](https://sms4smile.com/quotes/i/305/scott-bessent-8205_american_inflation-interest-rates-and-immigration_783789.jpg)

## More by Scott Bessent

> [If Vice President Albert Arnold Gore, Jr. had won his home state of Tennessee on November 7, 2000, he would have become president of…](https://sms4smile.com/quotes/scott-bessent/if-vice-president-albert-arnold-gore-jr-had-won-his-home-state-of/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [Our firm: We study history. We think about the future. We try to analyze what's going on in the present.](https://sms4smile.com/quotes/scott-bessent/our-firm-we-study-history-we-think-about-the-future-we-try-to-analyze/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [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…](https://sms4smile.com/quotes/scott-bessent/tariffs-can-t-be-inflationary-because-if-the-price-of-one-thing-goes/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [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,…](https://sms4smile.com/quotes/scott-bessent/president-trump-s-first-term-tariffs-did-not-raise-the-prices-of-the/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [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…](https://sms4smile.com/quotes/scott-bessent/we-are-stretching-our-nation-s-finances-and-creditworthiness-so-thin/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [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…](https://sms4smile.com/quotes/scott-bessent/treasury-secretary-janet-yellen-has-distorted-treasury-markets-by/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [The original sin of Bidenomics was the American Rescue Plan, which became law in March 2021.](https://sms4smile.com/quotes/scott-bessent/the-original-sin-of-bidenomics-was-the-american-rescue-plan-which/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [Used strategically, tariffs can increase revenue to the Treasury, encourage businesses to restore production and reduce our reliance on industrial production from strategic rivals.](https://sms4smile.com/quotes/scott-bessent/used-strategically-tariffs-can-increase-revenue-to-the-treasury/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [Academic economists have consistently discredited themselves by wrongly warning against the policies of President Trump.](https://sms4smile.com/quotes/scott-bessent/academic-economists-have-consistently-discredited-themselves-by/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [I grew up on a fishing village, a little river, South Carolina.](https://sms4smile.com/quotes/scott-bessent/i-grew-up-on-a-fishing-village-a-little-river-south-carolina/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [Allowing the private sector rather than the government to allocate capital is crucial to growth.](https://sms4smile.com/quotes/scott-bessent/allowing-the-private-sector-rather-than-the-government-to-allocate/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [Despite its many flaws, abandoning the international trading system would be a major economic and strategic mistake. Instead, the United States must adopt policies…](https://sms4smile.com/quotes/scott-bessent/despite-its-many-flaws-abandoning-the-international-trading-system/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [The reserve currency can go up and down based on the market.](https://sms4smile.com/quotes/scott-bessent/the-reserve-currency-can-go-up-and-down-based-on-the-market/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [Trump does like to pick fights, but it is a mistake to think he is transactional on China.](https://sms4smile.com/quotes/scott-bessent/trump-does-like-to-pick-fights-but-it-is-a-mistake-to-think-he-is/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

> [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…](https://sms4smile.com/quotes/scott-bessent/the-federal-reserve-was-forced-to-raise-rates-at-a-record-pace-after/)

[Scott Bessent](https://sms4smile.com/quotes/author/scott-bessent/)

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