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Scott Bessent spent the past 40 years studying economic history. Now, as Donald Trump’s choice to lead the Treasury Department, he has the chance to make his mark on it. He was motivated to step out from behind his desk and get involved with Trump’s campaign in part because of a view that time is running out for the U.S. economy to grow its way out of excessive budget deficits and indebtedness.
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“We are going to have to have some kind of a grand global economic reordering,” Bessent said at a June event. “I’d like to be a part of it. I’ve studied this.”
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