Peter Morici

Massive federal deficits risk America’s financial independence and dollar’s global dominance

Federal Reserve Chairman Jerome Powell recently announced with much fanfare that the Federal Reserve would tolerate periods of inflation above 2% to compensate for failing to reach that target much of the last two decades.

September 7, 2020

Social Democrat Joe Biden holds private enterprise with contempt

Joe Biden, like European Social Democrats, makes few bows to the mandates of the marketplace.

September 1, 2020

Democrats verbally pummel Postmaster General Louis DeJoy for no good reason

The U.S. Postal Service is a vital institution but hardly healthy, and the election-year histrionics are demagoguery.

August 27, 2020

DOJ and FTC must stop Big Tech companies from censoring speech

Our tech companies and other businesses are under intense pressure from the organized left and indirectly from investment banks and major corporations that now set themselves up as arbiters of acceptable free speech.

August 19, 2020

Creating paths to better jobs for struggling working class critical for Trump’s reelection

President Trump can win reelection but lighting a path for the unemployed, young people and minorities to decent jobs is critical.

August 12, 2020

Balancing an on-site and virtual workforce in the post COVID-19 world

COVID-19 has disrupted work for most folks like no event since the mechanization of agriculture or Henry Ford's moving assembly line, but it's not terribly novel.

August 4, 2020

Time for Americans to have an honest conversation about race

A terrible malignancy grips America -- universities, public intellectuals and the media are imposing a heresy on our citizens, and cynical CEOs kowtow to protect corporate brands.

July 27, 2020

More economic aid needed now to avert America’s COVID-19 jobs crisis

The economy could accomplish a full recovery within a few years, but policies to address the COVID-19 have been shortsighted.

July 20, 2020

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