Peter Morici

Powell risks 1970s inflation to keep his job

Chairman Powell appears bent on risking 1970s-style inflation to win favor with President Biden and a second term.

August 3, 2021

The U.S. should rejoin the Trans-Pacific Partnership

If American wants to remain the most technologically advanced nation on the planet, then-President Biden should rejoin the Trans-Pacific Partnership.

July 27, 2021

Democrats will never let a good crisis go to waste

Every great crisis elicits a massive expansion of government -- wars, crop failures, financial meltdowns, and pandemics threaten security, public health, and livelihoods.

July 20, 2021

America’s educational system ignoring skill-sets employers need

Americans still believe hard work is critical to success but is it enough?

July 13, 2021

Fixing Biden’s fix for the capital gains tax

President Biden wants to raise taxes on capital gains but if he is serious about competing with China in high-tech industries, then he should change his thinking.

July 6, 2021

Moderate Biden force-feeding the nation with woke ideas

President Biden repeatedly tells us he is creating a government that looks like America, but he is not seeking to govern as Americans think.

June 29, 2021

Don’t believe Biden’s Fed about inflation

The Fed has convinced itself and financial markets the recent surge in prices is temporary. That forecast is politically expedient -- it's in line with President Biden's budget.

June 22, 2021

Acknowledging America’s baby drought

Policymakers rightly worry about COVID-19's negative impacts on women in the workplace, but the pandemic has accelerated even more threatening consequences for the economy.

June 16, 2021

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