The idea that the government should do everything in its power to make recessions brief and recoveries rapid sounds banal, but it’s a big difference from how policy was made in the first two decades of this century.A string of positive economic news — slowing inflation, an upward revision in gross domestic product, continued strength in the job market, signs of a nascent surge in factory construction — has the Biden administration going all out to define “Bidenomics” as the doctrine of our time.
‘Bidenomics’ Became a Doctrine by Accident
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