Bidenomics Isn’t New Deal 2.0. It’s About the Restoration of US Global Hegemony
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President Joe Biden has made “Bidenomics” the centerpiece of his reelection campaign, touting it as an explicit break with Ronald Reagan’s “trickle-down economics” and a return to FDR’s New Deal policies. National Security Adviser Jake Sullivan calls it “the new Washington consensus,” while Treasury Secretary Janet Yellen terms it “modern supply-side economics,” a post-Keynesian development...