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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. He can be reached at

Columns by Peter Morici

Socialist Trojan Horse Illustration by Greg Groesch/The Washington Times

Pete Buttigieg’s Trojan horse for socialism

Former Mayor Pete Buttigieg wants us to believe he is a moderate alternative to Sens. Bernie Sanders and Elizabeth Warren but his $1 trillion infrastructure plan is hardly enough and demonstrates he's a socialist, too. Published February 2, 2020

FILE - In this Wednesday, Jan. 15, 2020, file photo, U.S. President Donald Trump, right, signs a trade agreement with Chinese Vice Premier Liu He, in the East Room of the White House, in Washington. China’s government welcomed an interim trade deal with Washington and said Thursday the two sides need to address each other’s “core concerns.” (AP Photo/Evan Vucci, File)

Why Trump deal with China is good for free trade

President Trump's Phase One trade deal may save the World Trade Organization from breakdown and takes international commerce to a better place in a world divided between democratic market and autocratic state-directed economies. Published January 24, 2020

Democratic presidential candidate Michael Bloomberg speaks to supporters Wednesday, Jan. 15, 2020, in New York. (AP Photo/Frank Franklin II)

Michael Bloomberg’s wrong answer to income inequality

Inequality and economic growth have been central themes in national elections since John Kennedy's campaign. The Clintons, Barack Obama and the latest crop headed by Joe Biden, Bernie Sanders, Elizabeth Warren and Pete Buttigieg want to give us freer access to health care, higher education (and debt forgiveness), child care and the like by taxing the wealthy. Published January 19, 2020

China's social controls illustration by Linas Garsys / The Washington Times

How American universities create liberal ‘Stepford Students’

American universities are morphing into Orwellian dystopias -- tracking students' movements, regulating faculty thought and actions to the totem of political correctness and molding young citizens to be comfortable with authoritarian state control. Published January 7, 2020

2020 Bull Market Illustration by Greg Groesch/The Washington Times

U.S. stocks and economy poised for a hot decade

The new decade offers great opportunities for the American economy and investors. After 20 years of slow growth -- bedeviled by halting productivity advances and sluggish labor force participation -- breakthroughs in artificial intelligence (AI) and the Internet are about to turn that around. Published January 1, 2020

Market Outlook for 2020 Illustration by Greg Groesch/The Washington Times

Forget politics, stick with stocks in 2020

Folks who invested in stocks were richly rewarded this year. The S&P 500 index, which tracks most publicly traded equities, is up about 25 percent. Sadly, too many small investors listened to the left-leaning financial press and economists about President Trump. Published December 19, 2019

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 Elizabeth Warren’s new health care plan will 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 European Union

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