The Bessent Illusion: Another Suit to Steer a Ship That’s Already Sinking

The Real Con Job: “Who Should Run the Fed?” The D.C.-Wall Street echo chamber is losing its collective mind over Scott Bessent—an Ivy-credentialed oracle of global macro voodoo—as Jerome Powell’s possible successor. Headlines tout his gravitas and calm demeanor. Bankers whisper about his “market instincts.” Politicians nod solemnly as if they’re picking a pope. But here’s the cold, hard truth: debating who should run the Fed is like arguing who should be in charge of the Titanic’s wheel after it’s already hit the iceberg. The real question isn’t who should run the Federal Reserve—it’s why the hell it exists in the first place. Central Planning in a Cheap Suit Economies aren’t machines. They’re not aircraft carriers that a “wise technocrat”…