One great achievement of Bidenomics that you may not have seen celebrated is the private equity drought. Private equity is very possibly the most despised industry in America (the titles of two recent books about it were Plunder and These Are the Plunderers), and it’s in a slump. Credit goes to the chairs of two independent agencies, over whom President Joe Biden has no direct control. But Biden appointed one of them, Federal Trade Commission Chair Lina Khan, and he reappointed the other, Federa