A biography for Scott Bessenthasn’t been written yet.
“Our firm: We study history. We think about the future. We try to analyze what's going on in the present.”
“While we don't think the Fed is an explicitly political institution, we think nearly all of Washington, D.C. is united in wanting to prevent the return of Donald Trump.”
“I think Donald Trump is always going to make his opinion known.”
“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 that debt in favor of a more orthodox borrowing profile may increase longer-term interest rates and will need to be deftly handled.”
“The inflation comes through either increasing the money supply or increasing the government spending, and that's what happened under Biden.”
“On discretionary spending, we probably need to do some kind of a freeze except for defense.”
“Any time that there are policy errors, that is what macro funds live for.”
“I had three jobs to make my way through Yale.”
“When the far left and the far right agree on something, you don't want to be in the middle.”
“I started out, our family was very affluent. My dad saw to it that we weren't. And now that I've made it back, so I've known economic anxiety and I want to see for these constituencies and for working people that things go well.”
“I went to Yale in 1980 and always through I'd like to come back to South Carolina but imagined I needed to live away for a while to appreciate it, which turned out to be true.”
“U.S. Treasury was able to save the country during the Civil War by expanding the deficit... They saved the economic well-being of the country during the Great Depression by spending. And then we were able to save the world during World War II.”
“The failure of Bidenomics is clear.”
“I grew up on a fishing village, a little river, South Carolina.”
“If you had told me in 1984 when we graduated and people were dying of AIDS that 30 years later I'd be legally married and we would have two children via surrogacy, I wouldn't have believed you.”
“I'm not sure how this happened, but somehow mathematics is getting politicized. We're trying to take the politics out and put the rigor back in.”
“President Trump's record of tax reform and deregulation powered the American economy to the fastest real wage increases in a generation.”
“Haley's life thus far has been an incredible American story: an immigrant family lands in rural South Carolina and produces a charismatic state leader and United Nations ambassador.”
“This IRA, this Inflation Reduction Act, which is Orwellian named, is a doomsday machine for the federal budget.”
“It's insanity - this idea that Trump is inflationary is absurd.”