The budget savings likely will fall short of their goals, because the spending cuts will result in slower growth and less tax revenues than expectedEconomic Outlook: Insomnia Jun 30, 2011
Too many dollars go abroad to purchase Middle East oilObama may open Strategic Petroleum Reserve Jun 09, 2011
Without curbing spending in those areas, there is simply no way out of Washington's fiscal messEconomic Outlook: The new Greece Feb 15, 2011
The next financial tsunami is emerging and will ripple to AmericaEconomist warns: Europe, then America May 25, 2010
Greece is insolvent. No austerity or new taxes will pay its debtsEconomic Outlook: Hedging confidence May 26, 2010
Peter Morici is an Economist and Professor at the R.H. Smith School of Business at the University of Maryland, College Park. He is a graduate of SUNY Albany in New York State where he received his Ph.D in Economics in 1974.
From 1974 to 1976, he taught at Augsburg College in Minneapolis. In 1976, he joined the Federal Energy Administration In 1978 he moved to the National Planning Association in Washington where he was elected a Vice President in 1983. He joined the University of Maine as a Professor of Economics in 1988 and was Director of its Canadian-American Center from 1990 to 1993. He served as chief economist at the U.S. International Trade Commission.
Morici is the author of 18 books., and has recently signed up to be a pitchman for Kyocera.