Peter Morici

Refuse child tax credit to adults who won’t work

With Republicans and Democrats holding slim majorities in the House and Senate, budget negotiations will involve a lot of horse-trading. Published January 31, 2023

Fed must keep raising interest rates until inflation is at or below 2%

These days an economist can't cross the street without being asked if a recession is coming. The answer depends on how much inflation we are willing to tolerate. Published January 24, 2023

World Trade Organization is worse than useless

The World Trade Organization is failing in its mission. Published January 17, 2023

Confronting Russia and China requires offensive weapons for Ukraine

During the Cold War and its aftermath, U.S. security policy has been premised on defensive alliances -- NATO and similar arrangements in the Middle East and Asia. Published January 10, 2023

The darkness before America’s bright new economy

Holiday parties were tough for economists. Published January 3, 2023

Making friends with robots

Ever since the wheel, Luddites have warned that new technologies spell doom. Published December 27, 2022

House Republicans should offer an agenda for ‘One America’

The Republican House now must offer a governing agenda, and with a Democratic Senate, that's no easy task. Published December 20, 2022

Now progressives want to shrink the global economy

Humanity is at risk of multiple Armageddons. Published December 13, 2022

America needs to rebuild the foundations of Western security

The war in Ukraine is teaching the West some hard lessons about globalization, multilateralism and authoritarian states. Published December 6, 2022

Fed’s Powell should say less and stay the course to quell inflation

The Federal Reserve should do more, say less and be more modest. Published November 29, 2022

Democracy still stands—perhaps

We've had our midterm elections and despite President Biden's alarmism, our democracy proved robust. Published November 23, 2022

The new normal after Powell quells inflation won’t be pretty

The Federal Reserve's quick raising of interest rates is disrupting stock and bond markets, and multiplying default risks for corporate and developing country debt. Published November 15, 2022

Don’t expect Sunak to fix the U.K. economy

Prime Minister Rishi Sunak may give financial markets what they want -- spending cuts to slash the government deficit -- but not what Britons need -- a path to growth and prosperity. Published November 8, 2022

Culture, shared purpose and trust are critical for America’s prosperity

The midterm elections highlight Americans' frustrations with inflation and the general direction of the country -- with major factions wanting quite different new destinations. Published November 1, 2022

Biden’s morning after the elections hangover will a be a headache for the Fed

Joe Biden fancies himself a transformational president like FDR but behaves like a throwback from big-city political machines. Published October 25, 2022

Lack of thoughtful leadership destroying the world economy

Federal Reserve Chairman Jerome Powell and Bank of England Gov. Andrew Bailey are burdened by stubborn inflation and national governments either too woke or unimaginatively conservative. Published October 18, 2022

Biden undermining Federal Reserve’s efforts to curb inflation

Federal Reserve Chairman Jerome Powell has gone to considerable effort to convince observers that he will raise interest rates as much and as long as necessary and risk a recession to bring inflation under control. Published October 11, 2022

GOP candidates need to focus on the economy, inflation and the border crisis

The midterm elections are quickly becoming a tragedy of lost opportunity for the Republicans in a year that was ripe for huge gains. Published October 4, 2022