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Peter Morici

Professor, Smith School of Business, University of Maryland

Peter Morici is a professor at the Smith School of Business, University of Maryland, and former Chief Economist at the U.S. International Trade Commission.

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  • Morici: Deflation and President Obama’s Legacy Tuesday, 17 Aug 2010 | 7:56 AM ET

    Deflation is coming and Americans should be alarmed.

  • Chinese shipping containers

    Unemployment is stuck near 10 percent and deflation and a stock market collapse threaten. The Federal Reserve and Barack Obama are out of bullets. Near zero federal funds rates, central bank purchases of mortgage backed bonds and other securities, and a $1.6 trillion deficit have failed to revive the economy.

  • Morici: Trade Deficit Causes Jobless Recovery Tuesday, 10 Aug 2010 | 10:34 AM ET
    Chinese shipping containers

    President Obama is seeking to double exports, through marketing programs and new free trade deals. However worthy those initiatives may be, doubling exports does no good if imports double too. By increasing the trade gap, more open trade policies would increase the drag on growth and jobs creation.