Gary Wolfram, Ph.D.

Author Articles

Occupy Wall Street Crowd Blind to Benefits of Capitalism

Like in 'Life of Brian,' protesters assume medicine, material goods will exist without the economic system that makes them possible.

This Year's Midterm Elections Are All about Freedom

The federal government has pursued arbitrary, rather than constitutional powers; the voters will decide if the nation will continue to drift away from freedom.

The U.S. Needs Milton Friedman More than Ever

Famous economist who offered innovative economic ideas based on free enterprise and liberty would have turned 98 this week.

Econ 101: The Problem with Greece

U.S. should control spending, learn from Greek's debt crisis before it's too late.

Econ 101: Unemployment Insurance Promotes Unemployment

Incentives matter, so policymakers should consider economics when extending jobless benefits.

Econ 101: Do We Need a New Theory of Market Stability?

Newsweek editor argues against free markets, but evidence suggests regulation was to blame for economic collapse.

Econ 101: Health Care Reform

The market needs less government inefficiency not more to improve the system and lower health care costs.

Econ 101: That Old-Time Keynesian Theory

Nobel winner Krugman advocates consumption approach, but other prize winners disagree.

Econ 101: Financial Bailouts and the Rule of Law

Rule of law - not rule of men - is necessary for economic stability.

Econ 101: The Financial Crisis and Danger of Government Intervention

Current meltdown is the result of Washington's interference in free markets.

Econ 101: Spike in Money Supply Caused Inflation

Media oversimplify problem, rely too much on consumer price index.

Econ 101: Is the Fed a Source of Our Economic Problems?

A look at how the Federal Reserve works, and its effects on the economy, reveals the source of many of today's issues.

Econ 101: Old MacDonald Had a Subsidy

Veto-proof farm bill shows the power of politics to take and redistribute our money.

Econ 101: ElectionWatch: Presidents Shouldn't Have 'Plans'

Candidates race to present plans for the economy, education, health care and global warming - but a planned economy has never worked before.

Econ 101: The Great Depression

Why we're not in another one ... but politicians could take us there.

Econ 101: What does 'Recession' Mean?

We don't even know we've been in one until we're out.

Econ 101: What Does a Falling Dollar Mean?

What changes our exchange rate, and should we worry about it? BMI adviser Gary Wolfram explains.

Beware of Following Michigan's Steps Down the Road to Serfdom

Economically troubled state ironically turned to tax increases - a move that won't help its financial standing any time soon.

Econ 101: The Problem with Bailouts

Bailing out a bum sector of the economy - with my money and yours - sends the message that people can do whatever they want without consequences. And that idea is how the mortgage problem started.

Econ 101: Betting on the Media or the Market?

Dow record shows investor confidence, but the media worry over every aspect of the economy.