The Foreign Affairs Interview What Happened to Bidenomics?
17 snips
Feb 13, 2025 
Join Jason Furman, Aetna Professor at Harvard and former chair of the White House Council of Economic Advisers, as he dives into the complexities of Biden's economic policies. Furman highlights the stark disconnect between optimistic goals and voters' realities, linking this gap to Trump’s resurgence. He critiques the post-neoliberal delusion held by both parties and explores alternative approaches to tackle inflation and manufacturing struggles. The conversation also touches on the influence of private sector challenges and the vital role of industrial policy in national security.
AI Snips
Chapters
Transcript
Episode notes
Critique of Corporate Subsidies
- Furman criticizes the idea that corporate subsidies are progressive, arguing they primarily benefit shareholders.
- Climate plans focusing on "green jobs" are misleading and ineffective for job creation.
National Security and Cost-Benefit Analysis
- National security considerations should involve cost-benefit analysis, like with Russia sanctions.
- Acknowledge the trade-offs between economic benefits and national security when making decisions.
US-China Economic Relationship
- Decoupling from China economically presents a challenge due to significant trade benefits and potential national security risks.
- Reducing the likelihood of conflict, rather than just mitigating its impact, should also be a priority.