Economics Quote by Scott Bessent

Nothing so weakens government as persistent inflation.

— John Kenneth Galbraith

It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude…

— Marek Belka

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money…

— Jeremy Grantham

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress…

— Jim Cooper

In retrospect, 'Bidenomics' was a sad, simple and cynical economic plan: spend, spend, spend while opening up the U.S. southern border to unlimited immigration…

— Scott Bessent

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

— Scott Bessent

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

— Scott Bessent

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. In short,…

— Scott Bessent

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

— 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,…

— 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…

— Scott Bessent

“It was in Cleveland that Magic Slim became the most successful pornographic film producer in America. His training center was a key link in…

— Nick Hahn