Ahead of tough new U.S. sanctions, Iran criticizes 'extraterritorial sovereignty'
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U.S. Treasury Secretary Scott Bessent told CNBC on Thursday that the proposed economic measures will likely negate the need for major U.S. military operations.
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Secretary of the Treasury Scott Bessent said the free market is mispricing long-term bond yields. So he wants to use the superior judgment and power of central government planners to correct the mistakes of capitalism. Good thing we didn't elect a Democratic Socialist president.
— Peter Schiff (@PeterSchiff) August 20, 2026