Professor Nikolai Wenzel gets at the fundamental flaws of “Bidenomics” in this AIER article.

Wenzel’s case has three main points: “There are three basic problems with Bidenomics: (1) it is unconstitutional, (2) it is misguided, and (3) it is self-defeating.”

He is an economist, and is on solid footing in arguing against the constitutionality of this package of interventionist junk. Nothing in the Constitution remotely authorizes the “national commercial policy” that we’ve suffered under since the New Deal. The nation would be immeasurably better off if the Supreme Court had not turn down the Constitution’s intended limits on federal power. The more the government can spend and regulate, the less resources and liberty for the private sector, where individuals decide how to spend, invest, or donate their own money. Contrast their incentives to do so wisely with the incentives of politicians to spend wastefully on things that make them politically popular.

Moreover, Wenzel argues, Bidenomics relies on a host of lies and deceptions to fool ignorant people into supporting it.

Read the whole excellent thing.