March 14, 2025・Original Analysis
Bessent is Right: The Economy Needs a Detox
Treasury Secretary Scott Bessent is right when he says that the economy needs a “detox.” To fix the problems created by decades of artificially-low interest rates, soaring deficits, out-of-control spending, a dying manufacturing base, and central bank meddling, there has to be a little bit (or a lot) of pain.