President Biden’s financial coverage isn’t what you’d have anticipated from his lengthy profession. That’s true within the laws he’s backing, which is greater and bolder than something we’ve seen from him earlier than, however it’s even more true within the appointments he’s making and the theories he’s embracing. On every part from antitrust to inflation to employment to energy, Biden is reflecting a brand new pressure of progressive economics ideas — one that wishes to direct markets, not simply appropriate them.
Felicia Wong is the chief government of the Roosevelt Institute, one of many suppose tanks that’s been central to constructing the brand new progressive economics that Biden has picked up. She joined me for a dialog on Biden’s principle of the financial system, how antitrust pondering has modified, whether or not Jerome Powell must be reappointed chair of the Federal Reserve, whether or not progressives have to reckon with Amazon’s wild reputation, what sort of inflation downside we now have and rather more.
(A full transcript of the episode will probably be obtainable noon on the Instances web site.)
“The Ezra Klein Present” is produced by Annie Galvin, Jeff Geld and Rogé Karma; fact-checking by Michelle Harris; authentic music by Isaac Jones; mixing by Jeff Geld; viewers technique by Shannon Busta. Particular because of Kristin Lin.