Peter Morici

How U.S. can win the Cold War with China

America is in a Cold War with China and winning will require more from Americans than the contest that forced the collapse of the Soviet Union.

July 11, 2020

Fed should plan for increased inflation now

Congress and the Trump administration deserve kudos for quickly providing stimulus totaling $3.6 trillion. Conservatives may worry about skyrocketing interest payments on the debt, but inflation will be the bigger problem.

July 5, 2020

Investors that stick with stocks will be rewarded as economy reopens

The challenges imposed by social distancing in businesses and telecommuting leave little doubt the economy will be radically different going forward, but for ordinary investors -- saving for retirement and college tuition -- stocks remain the cornerstone of a sound strategy.

June 27, 2020

How a V-shaped economic recovery could happen

The U.S. economy is displaying remarkable resilience, and a V-shaped recovery could take shape if Congress and the administration can agree on another, well-targeted stimulus package soon.

June 23, 2020

With reforms the World Trade Organization is worth saving, but only if China plays by the rules

Director-General Roberto Azevedo is quitting one year before his term expires. This could prove the death knell for the World Trade Organization, but if the Trump administration plays it right, the global trade body could be set on a more constructive path.

June 16, 2020

Liberal reforms and flawed union model are root causes of police brutality

No Democrat dares criticize unions, and Mr. Biden makes no mention of fixing the collective-bargaining mess that gave us the terrible tragedy in Minneapolis but without that he won't have any more success than Mr. Trump.

June 15, 2020

COVID-19 forces major universities to rethink traditional learning methods

Without a COVID-19 vaccine and with social distancing essential, large lectures simply aren't possible but the costs of tripling the number of sections and providing safe residential facilities are even more daunting.

June 8, 2020

Fed needs electronic currency to quickly distribute funds and avert a depression

The American economy is nearing the apocalypse.

June 2, 2020

Why Washington should rush more economic aid to the states

The economy is in more dire straits than Washington politicians behave, and they need to put aside their partisan agendas and fencing on Twitter to save it.

May 25, 2020

Socialism tempts as capitalism struggles during COVID-19 pandemic

Pandemics are hardly new. What makes COVID-19 different for our political future is that we have chosen to almost completely shut down the economy to minimize causalities.

May 19, 2020

Building an alliance to confront Chinese juggernaut

President Xi Jinping surely had motive, means and opportunity to strike a terrible blow on Western economies and legitimacy of political institutions by unleashing a pandemic.

May 6, 2020

Are cheap coffee makers and iPhones worth the risk of more pandemics?

As with other great crises, progressives are celebrating and conservatives are dreading that coronavirus will permanently expand government spending and leverage over the national economy.

April 29, 2020

COVID-19 will wipe out some old business models and require focus on new enterprises

The economy won't be as good as new, but it would be better refurbished than by pursuing policies premised on nostalgia for an economy long gone.

April 22, 2020

COVID-19 exposes terrible dangers of globalization

America must respond by building stronger pandemic containment mechanisms -- albeit those that are publicly accountable and not subject to abuse -- or our democracy will simply not measure up to the challenges of globalization.

April 16, 2020

Donald Trump’s COVID-19 (new) New Deal

Donald Trump has delivered for the voters that elected him -- and many who didn't. With the aid of an epidemic, he has forced the Washington establishment to act quickly for the benefit of ordinary working folks through the Federal Reserve and stimulus package.

April 8, 2020

Too few babies threaten American prosperity and national security

The U.S. lifetime birth rate per woman is 1.78 -- down from 2.12 in 2007 and below the pace needed to sustain the national population without significant net immigration. Annual population and labor force growth rate has fallen to about 0.5 percent, as the Trump administration has pushed down net immigration by more than 40 percent since 2016.

March 30, 2020

Congress’ lack of action during COVID-19 pandemic threatens another Great Depression

The global economy is again in the grip of a financial crisis and economic contraction of unknown depth and duration.

March 24, 2020

Why reliance on competent allies and not China should be a national security imperative

Revelations about dependence on China for essential ingredients in life-saving drugs lay bare the folly of intense integration with an authoritarian regime that suppressed warnings from doctors who first detected COVID-19 and enabled the disease to spread through weeks of denial.

March 18, 2020

If Donald Trump targets the debt-riddled Bernie Sanders’ base, he can beat Joe Biden

The stars are aligning for Joe Biden. The coalition that is abandoning Bernie Sanders for the dull but reliable war horse could put the former vice president across the finish line in November.

March 12, 2020

How to solve the skyrocketing costs of college tuition

Student debt and skyrocketing college tuition are terrible burdens for young adults, and to win their votes Sen. Bernie Sanders promises to forgive their loans and make public colleges free.

March 8, 2020