Scott Bessent: “That was a 15% decline, 16% decline in real purchasing…”

“But our friend Jason Trenner has something, I think it's called the Everyman index of the common man. Common man index, and that was up 35 or 38%. So That was a 15% decline, 16% decline in real purchasing power. And Americans felt that. And the price levels have gotten elevated. It's tough to bring the price level down, but what we can do is add.” (13:27–13:33)

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