Peter Morici

Biden’s hypocrisy on addressing homelessness

Homeless encampments under interstate overpasses and in other public spaces in our cities create the appearance of a new epidemic, but homelessness has been endemic to urban life for nearly two centuries.

September 5, 2023

Americans should brace for permanently high interest rates

Recent economic news has been good at raising optimism about a soft landing and speculation about where interest rates will ultimately settle.

August 29, 2023

Big government threatens U.S. dollar’s global status

The United States prints the world's money, and Western sanctions are teaching Russia and Iran some hard lessons, because foreign banks and nonaligned governments have found it costly to run afoul of our Treasury.

August 22, 2023

A third-party candidate could become president

August is a great time for columnists to float fanciful ideas. The news cycle slows, vacationing readers have more patience. Enter a third-party candidate for president.

August 15, 2023

U.S. must isolate China and continue to expand industrial and trade agreements

President Biden's industrial and trade policies have proved to be a lightning rod.

August 8, 2023

Strict curbs on artificial intelligence would hurt striking writers and actors

Hollywood actors and writers are striking an industry in crisis. The dilemmas all face are a dress rehearsal for how Americans will cope with the growing gig economy and artificial intelligence.

August 1, 2023

How to invest in a high-inflation, high-interest-rate environment

The Federal Reserve has pushed interest rates to their highest level in two decades. The relevant investing question is not how high those will go, but where interest rates will settle once the Fed is done.

July 25, 2023

Whether decoupling or de-risking, trading with China will remain perilous

Presidents Trump and Biden don't share a lot in terms of style or substance, but in two areas, continuity prevails: a commitment to limiting the risks of doing business with China and a suspicion of unmanaged, market-driven globalization.

July 18, 2023

Biden-Powell economic policies continue to fail

Inflation is proving one tough dragon to slay.

July 11, 2023

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