Peter Morici

Latest News

Five Things to Know About the Fed’s Obsession with Inflation

Americans struggle with stagnant wages and rising prices. Yet the Federal Reserve is obsessed with boosting inflation with easy money policies that may actually discourage reforms that would help jobs creation and lessen income inequality. Apr 15, 2014 11:43 AM PT

Five Takeaways from the GM Safety Debacle

Mary Barra, CEO of General Motors, was called before Senate and House Committees last week to explain why a faulty ignition switch, responsible for at least 13 crash deaths, was not recalled for several years in vehicles manufactured by GM. Apr 9, 2014 7:28 AM PT

192,000 Jobs Added in March but Wages Fall

The economy created 192,000 jobs in March, down from 197,000 in February and still well below the pace needed to lower underemployment to respectable levels. Those mediocre results are consistent with a broadly underperforming economy. Apr 4, 2014 6:21 AM PT

Friday's Jobs Report: What Do the Numbers Mean for the Economy?

Friday, the Labor Department is expected to report the economy added 206,000 jobs in March. While a significant improvement over January and February when harsh weather depressed hiring, this is still well below the pace needed to lower unemployment to an acceptable level. Apr 3, 2014 2:01 PM PT

NCAA Sports Labor Unions, Title IX, and the Bankrupting of Collegiate Athletics

Formally professionalizing collegiate athletics through an NLRB ruling recognizing the Northwestern football team's labor union will bankrupt all but the top athletic programs in the country. Why not separate those top programs into a professional league and allow all other schools to partake in truly amateur competition? Apr 1, 2014 6:17 AM PT

Five Things Janet Yellen and Federal Reserve Should Do

Last week, Janet Yellen sent stocks diving by saying the Federal Reserve could begin raising interest rates as early as next spring--most traders and forecasters have predicted a later date. Mar 24, 2014 8:12 AM PT

The Cold War Was Only on Vacation

Crimea is lost. The challenge now is to avoid a wider conflict with Russia, which is bent on absorbing more territory and further extending its influence into Eastern Europe. Mar 17, 2014 12:17 PM PT

175,000 Jobs Added in February, Economy Continues to Underperform

The economy created 175,000 jobs in February, up from 129,000 in January. Colder than normal weather was a factor, but that simply continued to underemployment of the nation’s human resources. Those mediocre results are consistent with a broadly underperforming economy. Mar 8, 2014 10:17 AM PT

Bush-Obama ‘Regulatory Reign of Terror’ Wreaks Havoc on Jobs

On Friday, the Labor Department is expected to report the economy added 150,000 jobs in February. This is less than half the pace needed to lower unemployment to an acceptable level, and President Obama’s budget promises little relief. Mar 5, 2014 9:11 AM PT

Tax Reform: Eliminate the Income Tax and IRS Altogether

Americans desperately want a fairer tax system and relief from arbitrary treatment by the IRS. True reform requires simply junking the personal and corporate income taxes in favor of a consumption tax. Feb 27, 2014 6:14 AM PT

More than Winter Chill Gripping Housing, Broader Economy

President Obama and many of the nation’s top economists entered 2014 predicting a breakout year for the economic recovery. However, troubles in the housing sector indicate more difficulties and several more years of mediocre growth lie ahead. Feb 25, 2014 10:51 AM PT

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