Peter Morici

Biden raising the minimum wage will not lessen income inequality

President Biden wants to raise the minimum wage to at least $15 an hour, but this is hardly the best way to lessen income inequality.

January 30, 2021

Inflation could prove Biden’s toughest economic challenge

Inflation may soon rear its ugly head, and President Joseph R. Biden and Federal Reserve Chairman Jerome Powell will find it more difficult to control than their spending plans and recent ruminations indicate.

January 25, 2021

Joe Biden must find America’s lost soul

Joe Biden's biggest problems are not China's quest for empire, an overtaxed infrastructure or the wave of Central Americans marching to our southern border. It's America's lost soul .

January 19, 2021

Now Biden has to match Trump’s economic record

President Biden faces a tough challenge: The COVID-19 recession permanently downsized whole swaths of the economy.

January 18, 2021

Biden’s virtual inauguration is an eerie prophecy for a fading America

There was something eerie about a virtual inauguration even before the chill of violent Capitol Hill protests.

January 13, 2021

A three-part strategy to help Biden restore the American economy

Thin majorities in Congress offer President-elect Joe Biden the opportunity to be bold. He can challenge moderate Republicans to support programs that would boost jobs and incomes.

January 11, 2021

Investing money in a post-pandemic Biden era

We face a tough COVID-19 winter as supply chain bottlenecks slow vaccine rollouts, urban centers remain virtual ghost towns and the disaffected and jobless express outrage with demonstrations and dumpster fires.

January 7, 2021

Fixing Section 230: Twitter, Facebook and social media should be legally part of the public square

Too often Internet platforms violate our privacy, arrogantly regulate speech and abuse monopoly power, but it is important to recognize what are and are not problems.

January 6, 2021

Tracking Biden and his radical left’s crisis of confidence with American capitalism

Like other newly elected executives, President-elect Joe Biden is caught between his campaign promises and what he can reasonably deliver. Often that comes down to money.

January 3, 2021

Without new taxes, Biden’s campaign promises will cost Americans about $10 trillion over 10 years

President-elect Joe Biden has an expansive regulatory and spending agenda and a lot more room to maneuver than conservatives admit.

December 28, 2020

Biden can bring nation together with bold Infrastructure program

President-elect Biden needs a large-scale project that will summon the political class and national imagination to rescue the country from another four years of partisan distrust.

December 27, 2020

Biden’s kumbaya internationalism won’t defend America

The world has radically changed since the Obama-Biden team took the reins 12 years ago.

December 22, 2020

Government’s case against Facebook is bad economic policy

The Federal Trade Commission with 47 states are suing Facebook for allegedly squelching competition by acquiring startups, and seeking divestiture of Instagram and WhatsApp. The suit is fundamentally flawed and bad economic policy.

December 20, 2020

Biden’s economic and defense appointments wrong for dealing with China

China poses the greatest challenge to American global leadership and liberty but judging by key appointments, President-elect Biden appears clueless to Beijing's strategies.

December 15, 2020

A Biden commission on judicial reform won’t fix what’s broken

Should the Democrats win both runoff elections in Georgia and gain control of the Senate, President-elect Joe Biden and Democratic leaders will come under considerable pressure from their more radical party members to pack the U.S. Supreme Court.

December 13, 2020

Why forgiving student debt tax free makes sense

America has imposed a cruel hoax on its children -- the notion that college is essential for prosperous life.

December 8, 2020

Republicans must move to the center to win the midterm elections

Democrats sought to fundamentally restructure American democracy -- pack the Senate by granting statehood to a federal district one-eighteenth the size of Rhode Island and turn the U.S. Supreme Court into a House of Lords.

December 4, 2020

Biden must make a COVID-19 stimulus bill happen now

"It was the best of times, it was the worst of times," the oft-quoted opening line from "A Tale of Two Cities," is an apt description of the American economy. And we know how those times ended -- in revolution.

December 1, 2020

Voters rejected radical Joe Biden and he now has a mandate to work with moderate Republicans

Voters have chosen the moderate Joe Biden who won the Democratic primaries, but by sending more Republicans to Congress and statehouses, they rejected the radical Joe Biden.

November 29, 2020

Trade with China will prove a formidable test for Biden’s foreign policy

Presumed President-elect Joe Biden will be terribly constrained. The country can't afford massive new programs without big deficits or taxes a Republican Senate won't permit.

November 24, 2020