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Scott Bessent: “In the history of economies, innovation always leads to more…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Paul Gigot in Conversation with U.S. Treasury Secretary Scott Bessent

Published | Video Starts at 24:55

Well, is it going to be a net negative for the labor force? No. Look in the history. I am mercifully not an economist. I'm an economic historian. So In the history of economies, innovation always leads to more jobs. I think we'd agree on that. I would agree with that. And on that optimistic note, I want to thank you, Mr. Secretary, for being here. (24:55–25:01)

CLAIM

Asserts that historically, economic innovation results in job creation.

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