Columns by Peter Morici
President Trump enjoys bipartisan support for his tough stand on China, but Democrats and farm state Republicans indicate they could desert him if he fails to bring home an agreement that ends China's piracy of American technology and finally opens its markets to U.S. products.
Published
May 19, 2019
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Welcome to the Trump prosperity — the 3 percent GDP growth accomplished since the recent tax cuts and assault on abusive government regulation took hold are just a prelude of what could be accomplished if the endless Democratic attacks don't bring down the administration and the organized left — the mainstream media, radical feminists and socialists — don't highjack our personal liberties and destroy American capitalism.
Published
May 14, 2019
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After years of frustration, the Federal Reserve believes it has accomplished its goal of 2 percent inflation. In reality, international oil markets did much more than its interest rate policies to raise prices and the Fed should abandon that target altogether.
Published
May 7, 2019
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The Federal Reserve — frustrated by its inability to consistently accomplish strong growth and 2 percent inflation — is reviewing strategies. Maybe it should simply hand out money to ordinary folks, helicopter money, instead of just to banks.
Published
April 30, 2019
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Democratic presidential hopefuls are at it again — promising free college tuition, forgiveness of student debt and to dramatically lower what individuals pay for health care. Like President Obama, if any lands in the Oval Office, the country could be saddled with another albatross — the Affordable Care Act has not tamed health care costs but it has so radically altered the marketplace that voters are afraid to dismember it.
Published
April 23, 2019
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If you are planning to retire sometime in the next several years, then you should stress test your plans — living arrangements, retirement portfolio and income and anticipated leisure pursuits — because retirement is like your first days in kindergarten, full of surprises.
Published
April 16, 2019
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President Xi Jinping believes China's ascent to global dominance is inevitable, because its authoritarian government and socialist-market economy can better deliver technological progress and prosperity than decadent Western democracies. Established elites in the West may be proving him correct.
Published
April 11, 2019
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Humans are unique in our ability to change the environment and unlock the secrets of nature. Erecting shelters, building aqueducts and mining the Earth, we moved from the temperate plains of Africa and caves of Chauvet-Pont d'Arc to harness agriculture, establish great cities and create technological wonders. Fossil fuels accelerated the ascent of man but according to the architects of the 2016 Paris Agreement, we must curb our appetite or global warming will make uninhabitable vast settlements.
Published
April 2, 2019
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The bounty of oil has made many developing countries initially rich but undemocratic and corrupt, and now the growing global reliance on the dollar threatens the same for America.
Published
March 26, 2019
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The college admissions scandal lays bare the true weaknesses in American higher education — its obsession with athletics and liberal prejudices that subvert academic standards.
Published
March 19, 2019
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Most folks purchasing a Curry Chickpea Bowl at Sweetgreen or a Nora Roberts novel at an Amazon brick-and-mortar store reflexively pay with a credit or debit card or an app -- they might be surprised if they try a 20-dollar bill.
Published
March 14, 2019
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President Trump's economy has been good so far, but to sustain the momentum and raise his re-election prospects he should champion policies that many Republican or Democratic members of Congress don't like, are inclined to obstruct but could be persuaded to accept.
Published
March 11, 2019
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