Breakfast: Top Economist Morici Strikes a Positive Tone – RVBusiness – Breaking RV Industry News
ELKHART, Ind. – Speaking to nearly 1,300 of the RV industry’s top leaders, nationally-known author and economist Dr. Peter Morici told the crowd at this morning’s RV Power Breakfast there are good times ahead, despite recent headlines.
The policy and economics expert offered commentary on major issues, including tariffs and migration, saying things are better than they might seem. He urged patience, saying 2026 should bring the same optimism that was felt by many at the start of this year.
“Just about everything that we’re going through, we’ve been through before – as a species, as a civilization, as the American people,” he said. “The way you move an issue [in Washington] is by screaming the world is coming to an end… Put your stock in America, because history is replete with fools who have sold us short.”
On migration, he said his feeling is that as more new come into the economy, they will become more American, and want to see more of their adoptive home. He said this will lead to greater opportunity for the RV and recreation industries.
He also spoke on artificial intelligence and what it could mean for the economy and the RV industry.
“We’re about to unlock in America fantastic growth potential,” Morici said. “Where they had automation [in the fifties and sixties], we will have AI. There are a lot of little companies developing… [AI agents].”
Morici also offered thoughts on President Trump and the tariffs.
“We have the tariffs and that’s very disturbing,” he said. “It is a bad thing – economists don’t like tariffs. In a perfect world we shouldn’t have tariffs, but in a perfect world we shouldn’t have armies either.”
Morici’s appearance was made possible by Wells Fargo. He is also the author of 18 books and has been featured on broadcast programs around the world. He is professor emeritus at the Robert H. Smith School of Business at the University of Maryland.
