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Bidenomics

Ones and Tooze

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The Shift in Economic Thinking on Industrial Policy and Trade Policy

The shift in economic thinking on industrial policy and trade has been dictated by events, says Julian Zelizer. It's got a climate component, an industrial policy component, an inequality component, a crisis of American democracy component and a China component according to Zelizer. But what really ties it all together because these people are partisan, they're democratic party operatives - is the shock of Trump? And there was no new team when Donald Trump was running for president.

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