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Peter Morici Archive

  • It's not just the economy, Mr. Romney

    Published August 02, 2012

    Running against President Obama’s record on the economy will carry former Governor Romney only so far. Republican baggage on women’s issues, immigration, unions, and harsh view of government and regulation hurt him where it counts the most—Virginia and Ohio

  • Bernanke is Bluffing: Fed Powerless to Avert Recession

    Published August 01, 2012

    Economics professor Peter Morici says the Fed’s bullets are spent and the U.S. economy is skidding as a result of the administration's missteps.

  • The coming economic collapse

    Published July 23, 2012

    The U.S. economy is teetering on the brink of another recession. The bad news is that if it goes down again, there won’t be much we can do to save ourselves.

  • Why Mediterranean sovereign debt losses could top €2 trillion

    Published July 10, 2012

    To remain in the Eurozone, the governments of the Mediterranean states will require massive fiscal transfers, or may be impelled to default on at least half their debt.

  • Why the US jobs outlook remains dismal

    Published July 05, 2012

    Friday's report on jobs from the Labor Department won't be rosy. Here's why: adults who have quit looking and left the labor force altogether are responsible for 99 percent of the reduction in the unemployment rate from 10 percent since October 2009.

  • ObamaCare decision may hasten the arrival of a single payer system

    Published June 28, 2012

    The Supreme Court decision Thursday upholding the Affordable Health Care Act requirement that individuals purchase health insurance or pay a tax, as well as most other provisions regulating the health insurance market, may ultimately instigate a single payer system, akin to the British National Health Care Service.

  • EU Summit -- why more 'integration' won't help Spain, Italy and others

    Published June 27, 2012

    Here's why Germany and others should recognize reality, facilitate substantial debt write downs and get going on a sane and orderly withdrawal of the Mediterranean states from the euro zone. 

  • Ouster of UVA president was justified -- Sullivan's dismissal highlights what's wrong with higher education today

    Published June 21, 2012

    High-quality universities have become too expensive and increasingly inaccessible  because their presidents and other leaders have failed to recognize and address the challenges and opportunities posed by new technologies.

  • The United States is becoming too much like Greece

    Published June 15, 2012

    This weekend, Greece goes to the polls but and the winners will not likely be able to form a government that can solve the county’s intractable economic problems. Americans should pay close attention.

  • Why the Euro is doomed

    Published June 12, 2012

    The longer Europe puts up with the fantasy that a single currency is essential to its prosperity, the longer Italy, Spain, Greece and others will flirt with financial ruin and self destruction.