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No Secretary Bessent, We Aren't Magically Growing Our Way Out Of Debt
No Secretary Bessent, We Aren't Magically Growing Our Way Out Of Debt
Authored by Vincent Cook via The Mises Institute,
As the official federal debt hit the $40 trillion mark and attracted a lot of negative publicity, Treasury Secretary Scott Bessent tried to reassure CNBC's Sara Eisen in an August 20 interview that there is nothing to worry about:
Well, yes, I mean, look, Sara, there's nothing magic about the $40 trillion number. And we can grow our way out of that. So, but what we do want to signal is, I...
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