Scott Bessent says ‘move from a blue state to a red state’ is No. 1 way to beat inflation, leaving critics stunned

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• Gold can easily rise to $10,000 an ounce in this environment

  80% confidence

• Council of Economic Advisers has a study showing blue state inflation is half a percent higher than red states

  80% confidence

• Bessent's recommendation that people save money by moving to red states is totally absurd. The difference in inflation rates is trivial and would be more than totally offset by the financial and emotional cost of moving from one state to another

  80% confidence

• People don't have, typically, an adequate amount of gold in their portfolio. When bad times come, gold is a very effective diversifier

  80% confidence

• Prices have been increasing on staples like coffee, bananas, bacon. Inflation has gone up to 3% from 2% in April when the tariffs were imposed

  80% confidence

• Inflation hasn't gone up, we have slowed inflation and are working very hard to bring it down

  80% confidence

• The best way to bring down inflation rate is to move from a blue state to a red state. Blue state inflation is half a percent higher because they don't deregulate and keep prices up, and energy is higher

  80% confidence

• Someone considering moving as a solution to cost of living concerns needs to compare the LEVELS of wages and prices in the two places, not the rate at which prices have recently been increasing

  80% confidence

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