Peter Morici

Fixing American foreign and trade policies to support innovative economy

America's foreign policy is broken. Across major theaters, U.S. policy is burdened by deficits between ends and means.

May 7, 2024

Without higher taxes and tariffs, dollar could cease to be world’s reserve currency

Whoever captures the White House, the federal government faces daunting fiscal challenges and tough "guns and butter" trade-offs.

April 30, 2024

Fed should let interest rates rise to support healthy growth

Federal Reserve policymakers have been obsessed with when they may safely lower interest rates to avoid a recession without impeding the path to 2% inflation.

April 23, 2024

Americans should be more optimistic about our economy

Americans are down on the economy and believe the country is headed in the wrong direction. Yet the metrics of economic health are good, and our friends and rivals in Europe and Asia face more troubling prospects.

April 16, 2024

Minority voters fleeing Democratic Party will instigate radical, populist policies

Minority voters are shifting from the Democratic Party, and a realignment around blue-collar, populist values will have important consequences for economic policy.

April 9, 2024

Fed Chairman Powell Is too eager to cut interest rates

Federal Reserve policymakers appear poised to cut interest rates three times this year -- and sadly, this could boost inflation and slow longer-term economic growth.

April 2, 2024

Trump’s China tariffs would be inflationary, but that can be fixed

If reelected, former President Donald Trump promises more radical measures than during his first term, including a 60% tariff on Chinese imports.

March 26, 2024

Buckle up: Soft landing for the economy is anything but certain

Federal Reserve Chairman Jerome Powell is poised for a soft landing. Recently, he testified that the central bank may soon be able to cut interest rates.

March 19, 2024

Americans, European allies will long regret failing to confront Russia and Iran

America and its allies will long regret failing to directly confront wanton aggression in Ukraine and the Middle East. The economic costs will be real and substantial.

March 12, 2024

Trouble at New York Community Bank spells more bank failures, bailouts

When Silicon Valley Bank failed last year, cries went out for tougher bank regulations and bigger capital requirements to back up loans.

March 5, 2024

Federal Reserve chief Powell should go fly-fishing and leave interest rates alone

Economic news has been good lately. Gross domestic product grew 3.3% in the fourth quarter, and inflation has come down.

February 27, 2024

How inflation works against Biden

Inflation has come down, but not enough. President Biden does not get much love for that.

February 20, 2024

America could repeat Japan’s lost decade

Poisoned politics that beget dysfunctional government policies could cast the U.S. economy into an abyss like the one that swallowed Japan.

February 13, 2024

Why Trump’s appeal endures

Progressives are aghast that former President Donald Trump may recapture the White House.

February 6, 2024

Tumultuous economic change coming as COVID recedes

A new economy is emerging as COVID recedes. Gross domestic product and job growth are slowing as pandemic-era savings run down.

January 30, 2024

Accountability is needed to fix our broken schools

Too many high school and college graduates can't think or do. They are the victims of a culture of mediocrity created by elected officials, teachers unions, university presidents and school principals.

January 23, 2024

Federal Reserve should wait to lower interest rates

The news on inflation has been good lately, but the Federal Reserve should resist the temptation to reduce interest rates prematurely.

January 16, 2024

The dystopia of Biden’s ‘woke’ progressive movement

Progressives are aghast. Populists have won elections in the Netherlands and Italy and are ascending in Germany. Despite indictments in three states and D.C., former President Donald Trump leads President Biden in the polls.

January 9, 2024

The child care crisis that never happened

Nothing makes progressive journalists panic like an expiring federal government program.

January 2, 2024

A new realism for American foreign policy: How to address world imperatives

America navigates a perilous world that challenges what should be the central goals of American defense and foreign policy.

December 26, 2023