Good post! I'd like to see a follow-up post on "ruinous costs". My impression is that the primary drivers of those costs are generally things that the left supports (such as burdensome environmental reviews). One reason why infrastructure sucks in the US is because democrats tend to care more about infrastructure, but it's hard for them to deliver because they won't try to end-run these kinds of regulations -- so blue states initiate infrastructure projects, but they inevitably become costly…

I can see excessive deference to unions being one of the other major concerns worth highlighting about how Bidenomics could go wrong, for several reasons:

1. we know he's an old-line union guy, so is likely biased toward deferring to them 2. unionism arguably plays a significant part in the cost disease problem you correctly say is a major risk, e.g. via Davis-Bacon 3. public sector unions may be in pretty bad political odor for the next couple of years based on their easily visible, outrage-pro…

An excellent summary of what is emerging as Bidenomics. The author correctly raises the alarm about ruinous costs. How and why these costs have become so high? How to get them in control and make them comparable and competitive with other developed countries? How to structure the new programs and how to invest public funds (tax dollars) in the infrastructure and care economy? We must come up with new ideas and far better implementation rooted in a competitive and transparent market without unne…