Peter Morici

Failing to back NATO membership for Ukraine, U.S. cedes Pacific to China

The United States is dangerously close to ceding the Pacific and global economic leadership to China by not providing Ukraine with adequate long-term security commitments and weapons to dislodge the Russian army.

July 4, 2023

Americans will rue the day Fed paused interest rate increases

The Federal Reserve's pause in interest rate increases opens the door to stagflation.

June 27, 2023

Biden debt ceiling deal boots fiscal crisis to the next president

The recent agreement to suspend the debt ceiling until 2025 was a political win for President Biden -- it burnished his image as a bipartisan dealmaker -- but it's an economic disaster.

June 20, 2023

Biden’s protectionism drives emerging economies into China’s hands

America, NATO and our Pacific allies have been dragged into a new era of hostility with a loose alliance of autocratic states: China, Russia, North Korea, Iran and perhaps now Saudi Arabia.

June 13, 2023

Biden reelection bid in trouble, but GOP hopefuls offer little challenge

Measured by legislative accomplishments, President Biden is the most successful president since Ronald Reagan, but he faces skeptical voters in his bid for reelection.

June 6, 2023

Putin has made rules giving him best chance of winning in Ukraine

The Ukrainian army is about to launch its counteroffensive to take back territory in the east and south and cut off Crimea from occupying Russia.

May 30, 2023

Don’t panic about China’s or America’s falling birthrates

China shocked the world earlier this year with news its population fell in 2022, For the first time since the Maoist famines, deaths outnumbered births and the headcount slipped by 850,000 to a mere 1.41 billion.

May 23, 2023

Powell’s risks of pausing interest rate increases too soon

Earlier this month, Federal Reserve policymakers again raised interest rates but indicated they are prepared to pause any further tightening.

May 16, 2023

Biden’s industrial policy will create bureaucratic morass

It's long overdue, but America has a 21st-century industrial policy. Unfortunately, it could do more harm than good.

May 9, 2023

Leveraging European markets to end war in Ukraine and ease tensions over Taiwan

The United States needs detente with China in the Pacific -- lest the new Cold War morph into a kinetic conflict over Taiwan and control of the maritime commerce through the vital South China Sea.

May 2, 2023

Tougher bank regulations won’t head off next financial crisis

The Silicon Valley Bank collapse has provoked the usual caterwauling about bank regulation. But tougher rules could do more harm than good and likely won't avert the next crisis.

April 25, 2023

America would be lucky to have only a cold war with China

Foreign policy elites are fretting about a cold war with China, but we should be thankful if that's all we get.

April 18, 2023

Powell faces tough road maintaining independent Federal Reserve

Federal Reserve Chairman Powell faces a tough road fending off politicians who like easy money, maintaining stability in the banking system and lowering inflation to 2%.

April 11, 2023

How to fix banks without more regulation

The Silicon Valley Bank debacle should not be a siren call for more bank regulation.

April 4, 2023

West needs new trade system to confront threats posed by Russia and China

Business leaders, politicians and intellectuals are bewailing death threats to globalization and blaming populists and nationalists like former President Donald Trump for erecting barriers to commerce.

March 28, 2023

Blame Biden’s big spending for wages not keeping pace with inflation

Wages aren't keeping up with inflation, and that will be a headache for President Biden in 2024.

March 21, 2023

Federal courts, not state ones, should decide congressional redistricting disputes

The U.S. Supreme Court is considering whether state legislatures have ultimate authority for drawing congressional district boundaries or those can be appealed to state courts.

March 14, 2023

Biden’s losing Cold War strategies

The United States is in a new Cold War with China -- and something more with Russia -- but President Biden's overreliance on sanctions and protectionism is self-defeating.

March 7, 2023

There can be no genuine budget discipline without entitlement reform

Inflation is proving tougher to curb than Federal Reserve Chairman Jerome Powell anticipated or, with an eye toward the next election, President Biden is inclined to admit.

February 28, 2023