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Furman: Biden's Policies May Have Cost Him Election

7/18/2025

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Summary

Story summary

In a thought-provoking interview, Jason Furman, ex-Chair of the Council of Economic Advisers, contends that President Biden's pivot to expensive industrial policies, such as the Inflation Reduction Act, played a role in his electoral loss. He cautions that both Biden's and Trump's strategies could spark economic turmoil, raising doubts about the future of alternatives to neoliberalism in America.

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Story summary

In a thought-provoking interview, Jason Furman, ex-Chair of the Council of Economic Advisers, contends that President Biden's pivot to expensive industrial policies, such as the Inflation Reduction Act, played a role in his electoral loss. He cautions that both Biden's and Trump's strategies could spark economic turmoil, raising doubts about the future of alternatives to neoliberalism in America.