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Scott Bessent

(1962) Businessperson

83 quotes in 306 categories

Scott Bessent looks at history and the future to explain today’s money issues. He says tariffs can raise Treasury revenue and push factories to produce locally, but they don’t always cause inflation. He also warns that borrowing too much could stretch the nation’s credit thin.

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Scott Bessent is a businessperson.

Quick Facts About Scott Bessent

Born: August 21, 1962
Profession: Businessperson

About Scott Bessent

United States Secretary of the Treasury... | Scott Kenneth Homer Bessent is an American businessman, financial commentator, and government official serving since 2025 as the 79th United States secretary of the treasury. Bessent was a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. He is the

Quotes by Scott Bessent

I spent most of my life being quite private.

Being

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The failure of Bidenomics is clear.

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We had a great economy under Trump 1.0.

Economics

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I would recommend that tariffs be layered in gradually.

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We really see big opportunities when we are against the narrative.

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I've always tried to give back wherever I've been.

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I had three jobs to make my way through Yale.

Jobs

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Thanks to President Trump, we're going to have peace.

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This IRA, this Inflation Reduction Act, which is Orwellian named, is a doomsday machine for the federal budget.

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The artificial intelligence, quantum-computing and space-based weapons systems for the conflicts of tomorrow must be designed now.

Artificial intelligence

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The original sin of Bidenomics was the American Rescue Plan, which became law in March 2021.

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The inflation comes through either increasing the money supply or increasing the government spending, and that's what happened under Biden.

Customer

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Everyone asks me, what do you tell President Trump he should do? I don't have to tell Donald Trump he should do…

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Asset prices are fickle, and long-term economic performance is the ultimate measuring stick.

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I was all-in for President Trump. I was one of the few Wall Street people backing him.

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I think what's different about Trump is he's a businessman - and he understands economics.

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Inflation, interest rates and immigration - the three I's - have created a toxic economic mix for the bottom 50% of American…

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I went to Yale in 1980 and always through I'd like to come back to South Carolina but imagined I needed to…

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One of the biggest misapprehensions about Donald Trump is that he's going to be profligate. He said to me, 'Scott, what are…

Control

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The U.S. must reform the Inflation Reduction Act's distortionary incentives that encourage unproductive investment, which has to be sustained by a lifetime…

Inflation

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Americans' dissatisfaction with Bidenomics comes not from social media or bad press coverage, but from their lived experience of rising standards of…

Americans

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Our escalating debt crisis hurts national security in three key ways: It diminishes our financial 'surge capacity,' it robs our private sector…

America

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U.S. Treasury was able to save the country during the Civil War by expanding the deficit... They saved the economic well-being of…

Civil war

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I started out, our family was very affluent. My dad saw to it that we weren't. And now that I've made it…

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If a country with a free market trades with a managed economy, it in effect imports the industrial-policy choices of the managed…

Choices

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President Trump is right that actual free trade is desirable. It might seem counterintuitive from a free market perspective, but he is…

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If Vice President Albert Arnold Gore, Jr. had won his home state of Tennessee on November 7, 2000, he would have become…

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President Trump's first-term tariffs did not raise the prices of the affected goods, despite predictions back then that the tariffs would prove…

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The shift of industrial production abroad and the corresponding reallocation of American resources into the service sector arguably provided aggregate benefits in…

Calm

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I mean, think about the coalition that Donald Trump assembled. This was the greatest political comeback in history, greatest political comeback in…

Comeback

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Treasury Secretary Janet Yellen has distorted Treasury markets by borrowing more than $1 trillion in more-expensive shorter-term debt compared with historical norms.…

Borrowing

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Trump is making a lot of very good economic points.

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I think Donald Trump is always going to make his opinion known.

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I grew up on a fishing village, a little river, South Carolina.

Fishing

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When I think about investments, I have a long term structural view.

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It's insanity - this idea that Trump is inflationary is absurd.

Absurd

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The reserve currency can go up and down based on the market.

Currency

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Overhauling the regulatory and supervisory environment will encourage more lending and reinvigorate banks.

Environment

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Our family had some economic hardship when I was younger. I got my first job when I was 9.

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In a certain geographic region at a certain economic level, being gay is not an issue.

Being

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Scott Bessent by topic

Economics (11)