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Reason
Reason
Peter Suderman

Turns Out 'Bidenomics' Means Top-Down Economic Control

For the last two years, President Joe Biden has been crediting various supposed successes in the economy to "my economic plan." Now that plan has a self-referential name: "Bidenomics."

Biden appeared in Chicago this week to give a long-winded speech on his economic agenda. The basics will be familiar to anyone who has watched a Biden speech or read economic policy coverage for the last few years: Biden touted a playbook that consists of subsidies and spending, rules and regulations, unions and jobs. This was not an announcement of new policies or new ideas so much as a summary, and a name, for what he's already done.

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