Scott Bessent: “When you are facing a nonmarket economy like China, then you have to exercise industrial policy.”

Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department.

As the federal funds rate climbed from near zero to its highest level in 22 years, with inflation hitting a 40-year high, you were a cheerleader for the Biden Administration’s reckless spending.

We are moving beyond ‘pay and chase’ and making prevention the federal government’s first line of defense.

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