Copyright © 2013 by George Reisman. Permission is hereby given to reproduce this article, royalty free, in digital/electronic format, provided only that this biographical note is included. George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics and the author of Capitalism: A Treatise on Economics (Ottawa, Illinois: Jameson Books, 1996; Kindle Edition, 2012). His website is www.capitalism.net. His blog is georgereismansblog.blogspot.com. See his Amazon.com author’s central page.