Scott Bessent on money supply and affordability

    by Flint: Scott Bessent

    Treasury Secretary Scott Bessent stated that some people make things more affordable by making people worse off. He pointed out that things are cheap in Cuba and Venezuela because nobody has money. He also discussed the money supply. #ScottBessent

    Transcript (en)

    that they could make things more affordable. You think that's possible? Well, they make it more affordable by making people worse off. And look, things are very cheap in Cuba. Things are very cheap in Venezuela because nobody has any money. I think the money supply in Venezuela went down 90-something percent. So you can level things off and make everyone destitute, which is, this is like a Bolshevik revolution again.