The World Next Week
More Resources: The Foreign Affairs Interview
Feb 20, 2025
Jason Furman, a Harvard professor and former chair of the White House Council of Economic Advisers, discusses the shortcomings of Biden's economic policies. He critiques the 'post-neoliberal delusion' prevalent in both major parties. Furman emphasizes the need for alternative strategies to combat inflation and the impact of tariffs and manufacturing revitalization. He also explores the intersection of economic policy and national security, focusing on U.S.-China tensions and the significance of infrastructure development to enhance growth and resilience.
48:24
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Quick takeaways
- The podcast critiques the Biden administration's economic policies, highlighting inflation's impact on infrastructure initiatives and voter sentiments.
- The discussion advocates for a balanced economic approach, recognizing the need for effective government intervention amid the evolving global economic landscape.
Deep dives
Bidenomics and Inflation's Impact
The economic policies under the Biden administration have faced significant criticism, particularly regarding how inflation has undermined key initiatives. Despite purported successes like low unemployment and GDP growth, many of Biden’s objectives, such as infrastructure investment and expanding the child tax credit, were actually diminished in real terms due to rising prices. This inflationary environment has hampered purchasing power, ultimately leading to a disconnection between the administration's goals and the lived experiences of voters. This disconnect is seen as a contributing factor to shifting political sentiments, potentially leading to a resurgence of previously defeated candidates like Donald Trump.
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