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If you didn’t already understand the current White House’s approach from their budget, Bessent is telling you 🔊 loud & clear, if you care to listen👂. This is what he is saying in plain English: - They want to slow demand in the real economy & hence slow inflation, by distributing less 💰 to people, via slowing wage growth and less social services to American’s in the median income on down? How? A/ Cut Government Employment B/ Cut Medicare C/ Cut Snap Food assistance and School Lunches D/ Cut Low income Housing Assistance Then, as these cuts take hold in the next 3-6 months… - Meanwhile, they plan to in Equal amounts Increase supply side stimulus to get ‘private Industry moving,’ this will send money to the top 0.1% of the top wage earners. Not increasing inflation, while stimulating economic growth. How? A/ Massive Corporate Tax Cuts B/ Gut the IRS and corporate financial oversight to reduce taxes further. C/ Deregulate to allow corporations to operate untethered to increase profitability. D/ Drill baby Drill The demand side policies take effect quicker than the supply side, So… as cyclical deflation takes hold in 6 months or so… they plan to respond quickly with: Loose Monetary Policy switching back from QT-> QE 👂