S
cott Bessent is right. Cheap goods are not the American dream
Everybody likes cheap stuff. We bargain hunt constantly, eager to find a way to save a dollar here and a dollar there while buying what we want and need. Clever retailers, eager to convince shoppers that they are saving money, will market sales as a means to entice customers through the door.
At the same time, we notice when things increase in price. Over the past four years, as inflation brought on by excessive government spending tore through the economy, Americans everywhere righteously grumbled about the increased cost of groceries, fuel, and other necessities. In the 2024 election, voters’ concerns about inflation helped doom the Democratic Party and returned President Donald Trump to the White House for a second term.
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