Source: The Dispatch
by Kevin D Williamson
“Changing the units of measure does not change the reality of the phenomenon being measured. If your employer starts paying you in Japanese yen tomorrow instead of U.S. dollars, the number on the paycheck will be about 146 times what it would have been otherwise. But you aren’t better off—you’re just measuring your income by a different metric. … You’d think that this would not need explaining to a man such as Scott Bessent, the hedge-fund guy who currently serves as Donald Trump’s treasury secretary — because, of course, Mr. ‘Real America’ hires his help from Soros Fund Management. But during a speech to the Economic Club of New York … Bessent declared: ‘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.'” (04/08/25)
https://thedispatch.com/article/bessent-american-dream-wages-prices-tariffs/