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Peter Morici

Peter  Morici

Peter Morici is an economist and business professor at the University of Maryland, and a national columnist.

Articles by Peter Morici

Illustration on lowering interest rates by Alexander Hunter/The Washington Times

Giving the Fed better tools to manage a financial crisis

Incentivizing banks to lend by not rewarding passive reserves and the capacity to directly inject money directly into business and consumer checking accounts would give the Fed sharp tools in a crisis. Published December 12, 2019

Democratic presidential candidate Sen. Elizabeth Warren, D-Mass., gestures as she speaks during a campaign stop, Saturday, Nov. 23, 2019, in Manchester, N.H. (AP Photo/Mary Schwalm)

Why Warren's new health care plan would fail

Health care has been the number one topic in the Democratic debates. President Trump should take heed -- rising health care costs and candidate fitness for leadership will dominate the 2020 campaign. Published December 4, 2019

Illustration on Democrat/Republican tribalism by Alexander Hunter/The Washington Times

How party loyalty corrupts democracy

My grandfather, a buttonhole maker, had three loyalties -- family, his union and the Democratic Party. His politics were tribal, and he embraced politicians who often worked against his interests. Published November 28, 2019

Brexit Pieces Illustration by Greg Groesch/The Washington Times

How Britain's elections could sound the death knell for the EU

Boris Johnson now has a good shot at winning a workable majority in Parliament to pull the U.K. out of the EU. This will prove a turning point for Europe -- rather than enabling consolidation of the continental bloc, Brexit will provide the contrast that blows it apart. Published November 25, 2019

Kentucky Gov. Matt Bevin, right, looks out at the crowd as President Donald Trump watches during a campaign rally in Lexington, Ky., Monday, Nov. 4, 2019. (AP Photo/Timothy D. Easley)

Why the economy will not save Trump

Republicans are counting on a strong economy and energized base to re-elect President Trump. Economists who study such things agree but the major polls and recent off-year elections in Virginia and Kentucky tell a different story. Published November 18, 2019

Skyrocketing Drug Costs Illustration by Greg Groesch/The Washington Times

Getting skyrocketing drug prices back down to earth

Prescription drug prices are rocketing into the stratosphere, and Democrats in Congress have a sensible plan to bring those back down to earth. Currently, pharmaceutical companies can set whatever price they like for new drugs, because Medicare is not permitted to negotiate or set reimbursements. Published October 29, 2019

Illustration on dysfunction in Washington by Linas Garsys/The Washington Times

How to fix Washington

In the snows of New Hampshire, yet another American president could emerge pledging to fix Washington -- the political gridlock and the pervasive influence of "evil" special interests and K Street lobbyists. Published October 16, 2019

Illustration on Brexit by Linas Garsys/The Washington Times

Why Britain should bolt and join NAFTA

The European Union, spread over 28 countries and 24 official languages, may make sense as a free trade area similar to NAFTA but virtually none as a broader economic community and political union. Published September 19, 2019

Asset Growth Illustration by Greg Groesch/The Washington Times

Sticking with stocks in a volatile market

These are vexing times for ordinary folks saving and investing for college expenses and retirement. With stocks exhibiting extreme volatility and growth slowing in all the major economies, many individual investors are rebalancing portfolios toward bonds -- savvy investors will resist this temptation and stick with stocks. Published August 26, 2019

FILE - In this  June 29, 2019, file photo, U.S. President Donald Trump, left, shakes hands with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, western Japan. Facing another U.S. tariff hike, Xi is getting tougher with Washington instead of backing down. Both sides have incentives to settle a trade war that is battering exporters on either side of the Pacific and threatening to tip the global economy into recession. (AP Photo/Susan Walsh, File)

Who's winning the trade war?

To listen to the White House, America is winning the trade war with China, but like other great struggles, a few battles won does not necessarily equate with victory. And progress in trade wars is not like military operations where victories can be measured by territories gained and populations pacified. Published August 13, 2019

Leapfrog Illustration by Greg Groesch/The Washington Times

Why Washington should get behind Facebook's Libra

Few things unite Democrats in Congress, the Trump administration and Federal Reserve Chairman Jerome Powell like opposition to Facebook's Libra. Instead, they should get behind the new cryptocurrency by crafting effective regulation. Published August 8, 2019

Mexican migration officers escort a group of migrants to apply for asylum in the United States, on the International Bridge 1 in Nuevo Laredo, Mexico, Wednesday, July 17, 2019. Asylum-seekers grappled to understand what a new U.S. policy that all but eliminates refugee claims by Central Americans and many others meant for their bids to find a better life in America amid a chaos of rumors, confusion and fear. (AP Photo/AP Photo/Salvador Gonzalez)

The existential crisis posed by mass immigration

Western civilization faces an existential crisis. Mass immigration, low birth rates and China's rise pose challenges our political institutions and economies appear ill-equipped to confront. Published July 17, 2019

Libra Digital Currency Illustration by Greg Groesch/The Washington Times

In search of stable digital money

Facebook recently announced it plans to launch a digital currency — Libra. It could deliver on Bitcoin's failed promise to create digital money that supplants many of the international functions of the dollar and the monopolies the Federal Reserve and other central banks enjoy creating and controlling widely accepted means of exchange and stores of wealth. Published July 8, 2019

Why breaking up Google or Facebook won't solve anything

Democrats in Congress with help from a few Republicans are eager to abuse antitrust enforcement to curb Big Tech — Facebook, Apple, Google and Amazon (FAGA). This would be a terrible abuse of the law for problems where bigness contributes little and breaking them up won't solve much. Published June 24, 2019