Peter Morici

ChatGPT is coming for your soul

OpenAI's third edition of ChatGPT is impressive -- and frightening.

February 14, 2023

Put an end to hard left’s debt ceiling demagoguery

Americans are enduring another episode of debt ceiling demagoguery.

February 7, 2023

Refuse child tax credit to adults who won’t work

With Republicans and Democrats holding slim majorities in the House and Senate, budget negotiations will involve a lot of horse-trading.

January 31, 2023

Fed must keep raising interest rates until inflation is at or below 2%

These days an economist can't cross the street without being asked if a recession is coming. The answer depends on how much inflation we are willing to tolerate.

January 24, 2023

World Trade Organization is worse than useless

The World Trade Organization is failing in its mission.

January 17, 2023

Confronting Russia and China requires offensive weapons for Ukraine

During the Cold War and its aftermath, U.S. security policy has been premised on defensive alliances -- NATO and similar arrangements in the Middle East and Asia.

January 10, 2023

The darkness before America’s bright new economy

Holiday parties were tough for economists.

January 3, 2023

Making friends with robots

Ever since the wheel, Luddites have warned that new technologies spell doom.

December 27, 2022

House Republicans should offer an agenda for ‘One America’

The Republican House now must offer a governing agenda, and with a Democratic Senate, that's no easy task.

December 20, 2022

Now progressives want to shrink the global economy

Humanity is at risk of multiple Armageddons.

December 13, 2022

America needs to rebuild the foundations of Western security

The war in Ukraine is teaching the West some hard lessons about globalization, multilateralism and authoritarian states.

December 6, 2022

Fed’s Powell should say less and stay the course to quell inflation

The Federal Reserve should do more, say less and be more modest.

November 29, 2022

Democracy still stands—perhaps

We've had our midterm elections and despite President Biden's alarmism, our democracy proved robust.

November 23, 2022

The new normal after Powell quells inflation won’t be pretty

The Federal Reserve's quick raising of interest rates is disrupting stock and bond markets, and multiplying default risks for corporate and developing country debt.

November 15, 2022

Don’t expect Sunak to fix the U.K. economy

Prime Minister Rishi Sunak may give financial markets what they want -- spending cuts to slash the government deficit -- but not what Britons need -- a path to growth and prosperity.

November 8, 2022

Culture, shared purpose and trust are critical for America’s prosperity

The midterm elections highlight Americans' frustrations with inflation and the general direction of the country -- with major factions wanting quite different new destinations.

November 1, 2022

Biden’s morning after the elections hangover will a be a headache for the Fed

Joe Biden fancies himself a transformational president like FDR but behaves like a throwback from big-city political machines.

October 25, 2022

Lack of thoughtful leadership destroying the world economy

Federal Reserve Chairman Jerome Powell and Bank of England Gov. Andrew Bailey are burdened by stubborn inflation and national governments either too woke or unimaginatively conservative.

October 18, 2022

Biden undermining Federal Reserve’s efforts to curb inflation

Federal Reserve Chairman Jerome Powell has gone to considerable effort to convince observers that he will raise interest rates as much and as long as necessary and risk a recession to bring inflation under control.

October 11, 2022