Opinion

The Mess the Government Is Making

Increasingly, fiscal policy in Washington looks more and more like the finances of a 1970s Latin American republic that subsequently failed in the sovereign debt crisis of the 1980s.

Washington, even with its power to print dollars, cannot escape one iron law of economics: Corrupt governments ultimately fail.

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Professor Peter Morici is a recognized expert on economic policy and international economics. Prior to joining the university, he served as director of the Office of Economics at the U.S. International Trade Commission. He is the author of 18 books and monographs and has published widely in leading public policy and business journals, including the Harvard Business Review and Foreign Policy. Morici has lectured and offered executive programs at more than 100 institutions, including Columbia University, the Harvard Business School and Oxford University. His views are frequently featured on CNN, CBS, BBC, FOX, ABC, CNBC, NPR, NPB and national broadcast networks around the world.

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