The Bessent Doctrine: A Main Street Revival
by A Carry-On and a Laptop
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The Bessent Doctrine: Parallel Prosperity
October 9, 2025
Treasury Secretary Scott Bessent has declared a "fundamental reset of financial regulation." The core thesis is Parallel Prosperity: a new economic course where Main Street and Wall Street grow together, not at each other's expense. The strategy positions community banks not as a niche sector, but as the essential engine for a "Main Street revival."