Commentary: Biden's choice: Reform or recovery?

When Joe Biden assumes the presidency in January, which is overwhelmingly likely as I write this, he will face an important decision: Should priority be given to reform or recovery? In my view, recovery should take precedence.In early 1933, Franklin Roosevelt took office at the low point of the Great Depression and faced a similar choice. He decided to pursue both objectives simultaneously. My research suggests that while FDR’s recovery measures boosted the economy, his reform initiatives slowed the recovery. In late 1933, the hugely influential economist (and progressive hero) John Maynard Ke…

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HEDGE accordingly