Dr. Nash is an adjunct scholar with the Mackinac Center for Public Policy in Midland, an adjunct scholar with the American Legislative Exchange Council (ALEC) in Washington, D.C., and is the former State Director of Economic Education for the clergy for the State of Michigan. Dr. Nash has co-authored four books including When We Are Free (with foreword by Dr. Milton Friedman) and In Defense of Capitalism (co-authored with Dr. Richard M. Ebeling, and Dr. Keith A. Pretty). Nash and his colleagues have conducted research and consulting for a number of Fortune 500 companies and their organizations including GM/UAW/PEL, the National Automobile Dealers Association (NADA), the Motor & Equipment Manufacturers Association (MEMA), the Auto Care Association, the Michigan Chamber of Commerce Foundation, Chrysler, and Dow Corning Corporation. Nash is responsible for researching and publishing the Northwood University Monthly Economic Outlook, Auto Care Association’s monthly industry indicator’s report and its monthly Business Confidence Index which is done in conjunction with Northwood University. Nash has addressed national and international forums related to the economy and automobile industry in China, Europe and North America. He serves on the boards of the Free Enterprise Institute (FEI) in Houston, Texas, Junior Achievement of Central Michigan, the Great Lakes Bay Economic Club and Gerace Construction Incorporated.
Nash is a frequent guest on Michigan-based ABC, NBC and CBS television stations, Michigan Talk Radio, and the Paul W. Smith and Frank Beckman Shows on WJR Radio. His writing and interviews have appeared in publications as diverse as The Detroit News, The Philadelphia Inquirer, Automotive News, Aftermarket Business, Aftermarket News, The New Jersey Star Ledger, USA Today, the Chicago Tribune, CNBC, Yahoo Finance, Wall Street Journal/MarketWatch, Harvard University’s Better, Faster, Cheaper and The International Review of Economics. Nash resides in Midland, MI with his wife, Pam, and is the father of four adult children and grandfather to Ella, John George, Brady, Caroline, Evelyn and Bennett …his pride and joy!
Introduction On Sept. 8, Elizabeth Alexandra Mary Windsor, commonly known as Elizabeth II, by the Grace of God, Queen of the United Kingdom of Great Britain and Northern Ireland, head of the British Commonwealth and defender of the faith, passed away at the age of 96. Queen Elizabeth II, as of June 2022 served as...
The following is the latest economic outlook from the McNair Center for the Advancement of Free Enterprise and Entrepreneurship at Northwood University.It was co-authored by McNair student scholar, Brad Getchel. Introduction China has real estate problems at home with many experts arguing the problem could be in the trillions of dollars. Reuters recently reported China...
The major causes of our current inflation-driven crisis are the roughly $6 trillion in largely excessive spending the Trump and Biden Administrations spent in the name of COVID relief and economic recovery; President Biden’s reregulation of the U.S. economy; and the dramatic expansion of the U.S. Federal Reserve Bank’s balance sheet from $4.14 trillion (January...
We are poised to honor more than 75 million dads on Sunday as part of this year’s Father’s Day. But U.S. consumers will not be spending as much as we did when honoring our moms last month for Mother’s Day. Honoring Dad Father’s Day in the United States became a national holiday in 1972, though...
The Northwood University COVID-19 Optimism Index is prepared monthly by the McNair Center for the Advancement of Free Enterprise and Entrepreneurship at Northwood University. The Index follows seven variables on a daily basis. The variables are (a) Total U.S. COVID cases, (b) Total U.S. COVID-related deaths, (c) Current U.S. COVID-19 Mortality Rate, (d) Performance of...
If Mother’s Day was a U.S. publicly-traded company, the $31.7B spent this year on our moms would have made it the 99th largest company by sales on the 2021 Fortune 500 list — just two spots ahead of Tesla This year, Americans celebrated the 116th Mother’s Day on May 8. Even though some believe Mother’s...
By Dr. Timothy Nash, U.S. Congresswoman Lisa McClain, Jim Hop
In a Sept. 1, 1935, article entitled Notes on the Next War published in Esquire magazine, American literary icon Ernest Hemingway wrote: “The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political...
Introduction In early May, the U.S. Consumer Price Index and Producer Price Index for April 2022 were released. On the surface, neither report was great news relative to America’s battle with inflation, yet both, in our opinion, showed progress in the fight. The Consumer Price Index was up 8.3% on a year-to-year basis in April...
Milton Friedman determined the root cause of inflation to be government monetary policy and famously opined, “inflation is always and everywhere a monetary phenomenon that is produced only by a more rapid increase in the quantity of money than output (goods, services, and/or assets).” A 1976 Nobel Prize winner in Economics for his pioneering work...
Introduction Milton Friedman argued, “inflation is always and everywhere a monetary phenomenon that is produced only by a more rapid increase in the quantity of money than output (goods, services, and/or assets).” Key March / Early April Data Positive and Negative Signs The Standard and Poor’s 500, Dow Jones Industrial Average and NASDAQ have all...
This memorable opening line from Charles Dickens’s classic work A Tale of Two Cities seemed to be an appropriate place to start this op-ed regarding where our economy has recently been – and could be headed. That’s because the large amount of research I compiled for this article revealed dramatically different signals as to its...
I was born March 6, 1958, in the city of Detroit, to a Polish-American mother and Irish American father. I was welcomed into a close-knit middle class Catholic household of nine children, of which I was the middle child. We grew up with pride in America, our theology and ancestral roots, and with great respect...
In a free and competitive market, price always allocates scarce resources and directs production. When allowed to function freely, the U.S. oil industry is a shining example of this dynamic. Oil is a driving force in the global economy that most of us take for granted. Petroleum fuels our cars, heats our homes, and is...
By Dr. Timothy Nash, Jim Hop, U.S. Congresswoman Lisa McClain
Executive Summary The Northwood University COVID-19 Optimism Index is prepared daily by the McNair Center for the Advancement of Free Enterprise and Entrepreneurship at Northwood University. The Index follows seven variables on a daily basis. The variables are (a) Total U.S. COVID cases, (b) Total U.S. COVID-related deaths, (c) Current U.S. COVID-19 Mortality Rate, (d)...