Impending doom? Economist predicts ‘Biden’s woke economics will lead to disaster’ | WHAT REALLY HAPPENED

Impending doom? Economist predicts ‘Biden’s woke economics will lead to disaster’

Economist and University of Maryland Professor Emeritus Peter Morici penned a fiery op-ed headlined, “Biden’s woke economics will lead to disaster.” In the piece, Morici argued that “Mr. Biden doesn’t just want guardrails on markets — limits on bank risk taking, regulations to police discrimination and subsidies to reshape health care.”

Morici decried how Biden is trying to arbitrarily “reprogram American capitalism and culture to address alleged sexism, structural racism and climate change.” Morici didn’t hold back: “Economic policy has become a playpen for the woke Gestapo.”

Morici noted that “[s]ocial efficacy is subjective — what criteria should central banks and private lenders use to assess a race-neutral or transgender-friendly workplace?” In his estimation, Morici said that Biden’s massive influx of “woke” into economic policy “is leading to terrible investment choices.”

But it’s not as if many academics can afford to be bold in calling out the Biden administration’s Marxist mentality. Morici noted how “Biden enables by his silence the cancel culture in the media and the jackboot thought control in teaching and research at American universities.”

Morici documented some of the “terrible investment choices” Biden plans to force the U.S. into implementing:

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