Scott Bessent Quotes
Access to cheap goods is not the essence of the American dream. The American Dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security. For too long, the designers of multilateral trade deals have lost sight of this.
Speech to the Economic Club of New York.
The American Dream is the reasonable possiblity of upward mobility, and at the time of this statement, a person growing up in Canada had twice the chance of an American of Achieving that.
Scott Kenneth Homer Bessent is an American government official and former hedge fund manager serving since 2025 as the 79th United States secretary of the treasury. He was formerly a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. Bessent graduated from Yale College in 1984. In 1991, he was hired by Soros Fund Management, eventually becoming the head of its London office. In this role, in September 1992, he was a leading member of the group that profited by $1 billion on Black Wednesday, the British Pound sterling crisis. He made another $1.2 billion profit for SFM in 2013 betting against the Japanese yen. After he left the Soros Fund in 2015, he established Key Square Group, a hedge fund.