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Scott Bessent: “There's something called seigniorage. So we put out currency…”

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

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REVEALED: Bessent gives first look at Trump-signed $100 dollar bills

Published | Video Starts at 04:07

And this doesn't cost any more money to the taxpayers to put his signature on? Absolutely not. Absolutely. We rotate the currency always, so nothing extra to the taxpayer. And There's something called seigniorage. So we put out currency and people take it. We take in cash and then we collect interest on the cash. So the more cash that people in the US or around the world are willing to hold, then better it is for our budget. (04:07–04:19)

CLAIM

Asserts that seigniorage involves issuing currency and collecting interest on it.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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