Peter Morici

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Why America Doesn’t Grow

In this century, economic growth has averaged 1.9 percent per year—down from the 3.4 percent the prior two decades—and anemic growth is a major force squeezing wages, the middle class, and the working poor.

AP Photo

Income Taxes: A Pox on Democracy

Politicians have manipulated the income tax to salve voter angst about fairness but in the process are destroying the work ethic and corrupting public judgement about the appropriate limits of government.

AP Photo/Vahid Salemi

Economics Makes Iran Nuclear Deal Unenforceable

The nuclear deal with Iran will prove unenforceable. Ultimately, Tehran will become the dominant economic and military power in the Middle East and, if it chooses, build nuclear weapons. The United States was successful in assembling an international coalition to

IRS Building

Ax the Income Tax

March Madness, baseball, and flowers; spring in America would be so grand without income taxes and the headaches of filing on April 15.

AP Photo/U.S. Navy, Ryan Mayes

America’s Neo-Isolationism and the Pacific Century

In the 20th Century, isolationism proved costly—protectionism exacerbated the Great Depression and strategic disengagement pulled America into an even more bloody Second World War. Now, neo-isolationism may prove America’s last reasonable choice.

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How Obama Aids Terrorist Recruiters

America and the entire West are at war with jihadist terrorism and radical Islamism—on the battle fields of the Middle East with ISIS and al Qaeda but more importantly in coffee houses, the basements of mosques, and on the internet for the hearts and minds of young people.

AP Photo/Pablo Martinez Monsivais

Moderate Muslims, Obama Failing to Counter Terrorist Recruitment

Fighting racism, prejudice, and the violence those can beget is everyone’s job. Muslims would do well to respond to President Obama’s invitation to combat extremist ideas in their communities, but too often Washington’s broader policies toward minorities encourage just the opposite.

Europe Greece Flags Athens

Greek Revolt Long Overdue

The newly elected Greek government is quite correct to eschew austerity and seek reductions in what it owes northern European governments. The Euro is punishing the South, and solving Mediterranean states’ chronic financial problems would require moving some industry from the North to the South. More austerity would only bleed the patient further.

REUTERS/MARK MAKELA

As Economy Slows, Fewer New Jobs

The economy added 257,000 jobs in January, down significantly from the 324,000 fourth quarter average monthly gain. Overall, the economy is creating jobs, but lower oil prices and a strong dollar are slowing the pace.

AP Photo/Charles Dharapak

America’s Second Age of Pericles

Reading the president’s State of the Union and Budget Message, Americans are on the cusp of the second Age of Pericles. The economy is booming and with new taxes on the wealthy and free community college for all, lasting prosperity can be assured.

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