The radical regulatory agenda of the Biden administration is most evident in the officials he appoints. President Clinton appointed Larry Summers, Arthur Levitt and Alan Greenspan to regulate and develop the economy in a way that is in the interests of consumers, rather than completely changing it. Clinton's regulatory institutions and policies have enabled the United States to prosper and develop.

Obama's regulators stifle business and jobs, while Biden's regulators are openly hostile to the industries they regulate and the U.S. economic system. What they seek is not to protect investors and consumers, but to make enterprises serve government objectives.

Through Biden's executive orders and regulatory policies, the U.S. economy is changing from a great world capitalist giant to a submissive capitalist puppet. Its owner is the government, not consumers.

If the economic stagnation caused by the regulation of the Obama era is being repeated in a way to intensify the regulation policy of the Obama era, the growth slowdown seems to be doomed after the rapid economic growth in the current post epidemic era. Once new stimulus spending and monetary adjustment measures are adopted to stimulate slowing economic growth, economic stagnation can easily turn into stagflation.