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As he takes office, President Biden faces a unique economic crisis — and the chance to redefine economics forever

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Millions of us who remember President Barack Obama’s inauguration in January of 2009 can recall the deep feeling of anxiety that hummed in the background of the event. Our nation was facing an unprecedented economic collapse, and there was a genuine sense that the global economy could be completely wiped out. 

I remember thinking at the time that I was probably never going to experience anything quite like that anxiety again. In a way, I was right: The anxious uncertainty looming over President Joe Biden’s inauguration this week made 2009’s ambient sense of anxiety feel like details ⇒

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