“…I think that what we need to do is examine the entire Federal Reserve Institution and whether they have been successful… ..You know, if this were the FAA and we were having this many mistakes, we would go back and look at, why has this happened? …So, you know, I think this idea of them not being able to break out of a certain mindset… …all these PhDs over there, I don’t know what they do. I don’t know what they do. This is like Universal Basic Income for academic economists.” – U.S. Treasury Secretary Scott Bessent, from a July 21, 2025 interview.
The Editors’ Quote Of The Day:
