logo
episode-header-image
Oct 2023
23m 33s

The problem with Bidenomics

Financial Times
About this episode

Will Bidenomics help the US Democrats win another term in office? Will the policies be effective in tackling the climate crisis? Adam Posen, president of the Peterson Institute for International Economics, thinks not. In the last in our series on Bidenomics, he tells Gideon why offering incentives to private sector businesses is, in his view, a bad strategy.


Free links to read more on this topic:

John Kerry: Energy transition is the ‘new industrial revolution’

Adam Posen: ‘Russia and North Korea worked hard to be self-sufficient, it has not turned out well for them’

The west shouldn’t give up on ‘gentle commerce’ just yet

WTO warns about fragmentation of global trade into allied blocs


Subscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.

Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner


Read a transcript of this episode on FT.com



Hosted on Acast. See acast.com/privacy for more information.

Up next
Today
Putin steps up summer offensive against Ukraine
Russia’s attacks on Ukraine are escalating, both on the front lines and across urban centres. Ben Hall, the FT’s Europe editor, talks to military analyst Franz-Stefan Gady about Ukraine’s battle to hold onto territory until a ceasefire can be agreed. Clips: Channel 4; ABCFree lin ... Show More
19m 23s
Jul 3
Is the US heading for a debt crisis?
Gideon talks to Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund and author of a new book: How Countries Go Broke. They discuss the size of the US debt and what history tells us about identifying warning signs. Clip: CBSFree links to read more on this ... Show More
24m 3s
Jun 12
Nato’s moment of truth
Gideon talks to Oana Lungescu, Nato's former and longest-serving spokesperson, about what to expect from this month’s summit and what's at stake? Can Europe convince the Trump administration that Russia is a risk they need to take seriously, and will an agreement to increase defe ... Show More
29m 17s
Recommended Episodes
Jul 2023
Jared Bernstein on the Next Stage of Bidenomics
President Biden recently made it clear that what we're seeing play out in the economy now is the result of "Bidenomics." The current expansion has defied the constant predictions of economic gloom. Every other day, it seems, some firm announces a new battery plant or semiconducto ... Show More
31m 22s
Jun 2023
Checks and Balance: The Joeconomy
Joe Biden took to the stage in Chicago this week to trumpet his economic plan.  He heralded America’s post-pandemic growth and the buoyancy of the job market.  “Folks, that’s no accident,” he told the crowd: “That’s Bidenomics in action.” But what actually is “Bidenomics”? Chair ... Show More
47m 11s
Apr 2024
Bidenomics: How the economy may sway the US election
The president has fired “a bazooka” of money into the economy. Will voters reward him? Joe Biden says the economy is doing great thanks to a series of policies he calls Bidenomics. The idea is to jump-start the US following the COVID collapse with massive investments in the indus ... Show More
26m 43s
Aug 2023
How Martin Wolf Understands This Global Economic Moment
The world economy has experienced many shocks over the past few years: A pandemic. Russia’s invasion of Ukraine. Skyrocketing inflation. These are the stories that have dominated headlines — and for good reason.But they’ve also overshadowed a set of deeper, more fundamental shift ... Show More
1h 29m
Aug 2023
Adam Posen Has a Warning on the Danger of Bidenomics
The Biden administration has undertaken an aggressive effort to revitalize domestic manufacturing, particularly in areas like semiconductors and green technology. The reasons are manifold. The pandemic exposed frailties in the supply chain. Climate concerns have accelerated the u ... Show More
49m 7s
Feb 2024
Gita Gopinath on the Global Economy
Economics is sometimes called the “dismal science.” But the International Monetary Fund (IMF) has a surprisingly positive outlook for the U.S. economy—even if public sentiment hasn’t yet caught up. Host Ravi Agrawal discusses the state of the global economy with Gita Gopinath, th ... Show More
42m 52s
Nov 2022
Money Talks: Why it’s time to talk about Indonesia
Indonesia is the world’s third-largest producer of coal. Not only does it power the country, it powers the economy. But the country’s president, Joko Widodo, wants to change that. Indonesia is garnering global attention due to its stock of nickel and cobalt, core elements in the ... Show More
38m 36s
Feb 2022
What the Heck Is Going on With the U.S. Economy?
Should we be celebrating a Biden boom? Lamenting inflation and its consequences? Both?We know how to talk about booms, like the ’90s. We know how to talk about busts, like after the financial crisis. We know how to talk about stagnation. What we don’t know how to talk about is co ... Show More
1 h
Dec 2021
Money Talks: Omicronomics
China’s economy is slowing while America’s overheats, prompting Jerome Powell to suggest this week that the Fed could act faster than planned. As the Omicron variant triggers a fresh wave of travel restrictions, is the world economy caught between a rock and a hard place? Host Pa ... Show More
31m 3s
Oct 2022
Why won't trickle-down die? (with Mark Blyth)
While President Biden has embraced middle-out economics here in the states, the UK’s new leaders have decided to enthusiastically revive trickle-down economics. Political economist Mark Blyth, who teaches International Economics, shares his thoughts on the United Kingdom’s troubl ... Show More
38m 40s