Peter Morici

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Flickr Creative Commons / Kathryn Decker

Getting the Couch Potatoes Back to Work

In 2014, GDP growth bounced back in the spring and summer from a tough winter, but in the fourth quarter, it fell off to 2.6 percent. History indicates the country should be doing a lot better—simply, too many prime working-age Americans are despondent and have permanently dropped out of the workforce.
AP Photo/Petros Giannakouris

Now Greeks Should Dump the Euro

By electing Syriza leader Alexis Tsipras to be premier, Greeks voted to end the draconian economic measures imposed by Germany and other international lenders.

Obama Bent on Soak the Rich Schemes

In his State of the Union address, President Obama will propose much he knows the Republican-controlled Congress will not enact, but his real agenda is to set the table for Hillary Clinton’s 2016 presidential campaign.
AP Photo/Claude Paris

France Must Abandon Pell-Mell Accommodation of Islam

Prime Minister Manuel Valls has declared France is at war with radical Islam, but his government may have to take on Islam altogether. Certainly, it must abandon its pell-mell accommodation of immigrant cultures that threaten French civilization.
FBI formally accuses North Korea of cyber attack on Sony

Obama Could Stifle North Korea’s Shakedown of Sony

The American people now have a censor–North Korean dictator Kim Jong Un–and they can thank President Obama’s failure to defend their rights to free speech and privacy. After hacking Sony’s computer network and subjecting its employees to identity theft and
AP Photo/Richard Drew

Economy Can Handle Higher Interest Rates

The U.S. economy can handle higher interest rates, and the Federal Reserve’s policymaking committee has signaled such a move is likely by summer. The Fed has kept short term borrowing rates near zero since December 2008 to support recovery from
Fed's Credibility at Stake

Fed's Credibility at Stake

Federal Reserve policymakers meet Tuesday and Wednesday to discuss when to raise interest rates and how they will communicate those intentions without upsetting financial markets or the economic recovery. Unfortunately, the Fed is constrained by its own past missteps, and

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