Bidenomics Isn’t New Deal 2.0. It’s About the Restoration of US Global Hegemony
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...