Scott Bessent: “China will cause global chaos if the port shipping fees go through.”

The Harvard Square inflationista is offering a statistical sleight of hand, not a serious assessment of today’s U.S. economy.

I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do.

The world has been coming to the U.S., and China has been the missing piece.

Another day, another Econ 101 lesson for Professor Warren.