Peter Morici

Biden’s budget would turn America into a pizza dough republic

Joe Biden ran on a platform to Build Back Better -- strengthen the economy and apply the dividend to social justice and equity issues -- but it seems he's given up on making America more competitive and adopted the Italian playbook -- borrowing to buy off a restive left with social programs.

June 8, 2021

Inflation threatens because the Federal Reserve is inept and corrupt

President Biden's budget deficits threaten to ignite the kind of inflation that followed the Vietnam War, and Fed Chairman Jerome Powell is happy to enable it.

June 3, 2021

Riding the recovery with stocks

With inflation surging and speculation that the Federal Reserve could soon push up interest rates, ordinary folks saving for long-term goals should consider how resilient equities proved to be during the pandemic and stick with stocks.

June 1, 2021

Biden’s half measures won’t do for U.S to compete with China

China and the United States are engaged in a great struggle -- economic, diplomatic and ultimately military -- that will determine the survival of democracy.

May 26, 2021

Republicans need another Contract with America

The GOP faces an uphill battle to take back Congress in 2022.

May 18, 2021

Biden’s corporate and capital gains taxes are jobs killers

President Biden's taxes may be great politics but are lousy economics.

May 12, 2021

Joe Biden’s sugar-high economy should raise alarm

President Biden is betting big government can boost long-term growth and vanquish inequality and racism.

May 5, 2021

Biden’s woke economics will lead to disaster

Mr. Biden's expansive economic programs seems likely to put annual federal borrowing at twice that level after the pandemic is over.

April 28, 2021

Managing inflation, industrial policy are key to fighting inequality

The economy is on a tear, but how well it addresses the salient issues of the era depends on how much the Federal Reserve tolerates surging inflation and how Congress reworks President Biden's infrastructure plan.

April 26, 2021

Living in the emerging COVID-19 netherworld of vaccines, lethal variants and normalcy

Americans should brace for a netherworld between the pandemic and normalcy. COVID-19 won't last forever, but making vaccines available to all adults is no silver bullet.

April 18, 2021

Tax reform to attack inequality and finance the Biden agenda

President Biden is under intense pressure from progressives to raise taxes on more prosperous Americans and corporations.

April 7, 2021

Democrats’ guaranteed annual income plans will define the 2022 midterms

Bernie Sanders has won the day -- a guaranteed annual income, a wealth tax however disguised, national health insurance and the like will define the midterms

April 1, 2021

How Biden’s economy will hand Congress back to the Republicans

President Biden scored a political victory with the passage of the American Recovery Act (ARA) -- despite Republican protestations, the $1.9 trillion package enjoys 75% public approval.

March 23, 2021

Joe Biden’s war on the working class

President Biden offers himself as champion of the working class and minorities, but his policies will leave more jobless and enable Donald Trump or another populist from the right in 2024.

March 16, 2021

Tracking Biden’s semiconductor war with China

President Biden has identified semiconductors as ground zero in economic and strategic competition with China and is seeking a Western alliance to secure that industry.

March 11, 2021

Biden missing his moment to boost U.S. growth

President Biden is squandering the opportunity to make the investments necessary to boost longer-term growth.

March 8, 2021

Biden’s foreign policy invites Chinese aggression

President Biden wants the world to know America is back, prepared to lead and committed to shared goals, multilateralism and diplomacy. All this could end worse than America First.

February 24, 2021