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Will Bidenomics Deliver?

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Add to Bookmarks Aug 5, 2021 Opinion is divided as to whether US President Joe Biden’s multi-trillion-dollar spending programs and accompanying competition policies are precisely what the US economy needs. But one thing is clear: the transformative rhetoric behind the administration’s economic agenda has created a huge weight of expectation. In this Big Picture, Laura Tyson, a former chair of President Bill Clinton’s Council of Economic Advisers, and McKinsey & Company’s Lenny Mendonca argue that the best analogy for Bidenomics is California, which has

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Opinion is divided as to whether US President Joe Biden’s multi-trillion-dollar spending programs and accompanying competition policies are precisely what the US economy needs. But one thing is clear: the transformative rhetoric behind the administration’s economic agenda has created a huge weight of expectation.

In this Big Picture, Laura Tyson, a former chair of President Bill Clinton’s Council of Economic Advisers, and McKinsey & Company’s Lenny Mendonca argue that the best analogy for Bidenomics is California, which has successfully pioneered a strategy of innovation-based sustainable and inclusive growth. But Stanford University’s

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