Here's your summary from #Trump ally Bessent says #bidenomics isn't working #shorts #politics (https://www.youtube.com/watch?v=xxXAZMGcwIQ) on the Bloomberg Television channel:

**TLDR:** Bessent, a Trump ally, criticizes Bidenomics for being a return to central planning, leading to inflation due to excessive government spending and regulation.

1. Bidenomics is criticized for being a return to central planning discredited in the 60s and 70s.

2. The approach relies heavily on government spending, state intervention, and disregards market principles.

3. The combination of massive government spending and increased regulation is seen as constricting the supply side and leading to inflation.

#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro