Bessent’s Finances: No More Bull
As headlines warn of a $40 trillion U.S. debt and a “bond market explosion,” Barbara Boyd argues a manufactured financial panic is being used to attack President Donald Trump ahead of the midterms. She spotlights Treasury Secretary Scott Bessent’s “discreet” plan—echoed by Vice President JD Vance—to get economic growth to outpace debt by directing credit into productive investment rather than speculation or consumer handouts.
Boyd frames the approach as an updated Alexander Hamilton model: Sovereign credit for infrastructure, technology, and industry to expand real output and contain inflation, while curbing Wall Street and Fed-driven speculation. She cites Bessent’s focus on domestic production and supply chains and highlights executive-order priorities including advanced manufacturing, nuclear and fusion power, a Moon colony by 2028, and breakthrough science.
The episode also features Vance’s critique of free-trade policies, “deaths of despair,” and a $1B Cleveland-Cliffs investment in Middletown, Ohio. Here’s more from a new episode of Promethean Updates.
