Editorial: Was it ‘Bidenomics’ that brought down inflation?

In a major economic policy speech in the lobby of Chicago’s old main post office in June, President Joe Biden enthusiastically branded his economic growth strategy as “Bidenomics,” a term that was basically created by The Wall Street Journal and the Financial Times but, like “Obamacare,” has been embraced by Democrats as if it were Biden’s idea all along. “Bidenomics” sounds a lot like Biden’s traditional liberalism, an updated version of Franklin D. Roosevelt’s New Deal or Lyndon B. Johnson’s Great Society.