The first Treasury Secretary in a generation who understands how markets, money, and power interact. Thank you, Scott.

Leave a CommentThe first Treasury Secretary in a generation who understands how markets, money, and power interact. Thank you, Scott.Economics, Government

The Bureau of Economic Analysis reported the 4.3% annualized growth on Tuesday, beating economist forecasts of 3.3% and the prior quarter’s 3.8% pace. Consumer spending jumped 3.5% to drive most of the expansion, with exports and government outlays helping offset weaker investment.

Secretary Bessent just released an interview that’s a must listen. Scott Bessent may be the first Treasury Secretary in a generation who actually understands how markets, money, and power interact, and is willing to reorder all three on purpose rather than drift by consensus.

Flying in the face of the status quo Swamp, Bessent is, according to economic strategist, James E. Thorne, “running a live-fire experiment in Hamiltonian tariffs, Reaganite tax policy, Supply Side economics, and Fed confrontation that future historians will mark as the real break with the post-1980s neoliberal script”.