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Economies Are People, And The Capacity For People To Grow Is Limitless
22 Jan 2025
News
Washington Post columnist Catherine Rampell writes that Scott Bessent “is using all the budget high jinks at his disposal to produce a pseudoscientific plan that’s rosier, more magical and more paper-thin than the past several decades of GOP budget fantasies.” As a former macro trader, Bessent would no doubt share Rampell’s disdain for rosy economic plans after having profitably committed capital against more than a few over the decades.
At the same time, Bessent’s past earnings might logically give Rampell pause before being so disdainful of Bessent. Having made lots of money betting against nonsensical economic fantasies, wouldn’t Bessent be far too smart craft his own? The speculation here is yes, even though Rampell makes a few good points of her own in her critique of Bessent.
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