Peter Morici

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REUTERS/YANNIS BEHRAKIS

The Sooner Greece Defaults and Dumps the Euro the Better

Greece and its principal creditors—the European Union, European Central Bank and International Monetary Fund—should acknowledge that Athens will never be able to repay the €131 billion it owes, write down its debt and let the Aegean nation exit the euro gracefully.

obamacare_get_covered_reuters

Supreme Court Should Strike Down Obamacare Subsidies for Legal and Economic Reasons

The Supreme Court ruling on King v. Burwell will soon decide whether the Affordable Care Act permits the federal government to subsidize health insurance premiums. Those should be struck down for both legal and economic reasons—and in simple fairness to most Americans who have found it makes no economic sense to buy health insurance through federal and state exchanges.

AP Photo/Paul Sakuma

Strong Dollar, Skills Shortage to Slow Jobs Growth

Shaking off a severe winter and West Coast port strike, the Labor Department is expected to report the economy added 220,000 jobs in May. That’s well below the 269,000 monthly average for 2104, and a strong dollar, revived productivity growth and shortage of qualified workers will slow jobs creation going forward.

AP Photo/Susan Walsh

The Poverty of Obama’s Foreign Policy

President Obama has proclaimed Hillary Clinton an effective Secretary of State. All along, it must have been the plan for Russia to seize the eastern Ukraine, Beijing to build airstrips and assert sovereignty over international shipping lanes in the South China Sea, and Iran to have nuclear weapons capabilities.

AP Photo

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.

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