George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Tuesday, June 02, 2009

GENERAL MOTORS, RIP

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General Motors was once not only the world’s greatest and most prosperous automobile company but the world’s greatest and most prosperous ma...
Sunday, May 31, 2009

Google Relents—Finally

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At last Google has withdrawn its repeated description of this blog as “spam” and its accompanying threats to delete it. Google seems to be a...
Saturday, May 30, 2009

Letter to Krugman

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Letter to Krugman May 4th, 2009 Dear Prof. Krugman: In your NY Times column of today you write, “But if everyone takes a pay cut, nobody ga...
Sunday, May 03, 2009

IF THIS BLOG IS SILENCED

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IF THIS BLOG IS SILENCED BY GOOGLE, PLEASE BE SURE TO VISIT http://www.capitalism.net/ FOR INFORMATION ON ITS NEW LOCATION.
Friday, May 01, 2009

Injustice as Routine

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I want to take note here of two outrageous injustices that have occurred within the last few days. One, reported in the main front-page head...

Attempt to Silence This Blog

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The enemies of free speech are attempting to silence me. Here is the notice I just received, supposedly from Google. Let Google hear from yo...
Friday, April 24, 2009

Fallout from Declaring CO2 a Pollutant (A Potential News Dispatch from a World Going Mad)

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New York—Now that carbon dioxide has been declared a pollutant by the EPA, numerous local jurisdictions around the country, whose finances h...
Tuesday, April 21, 2009

“Green” Jobs

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President Obama has proposed combining stimuli to promote employment with the fight against alleged man-made global warming, which allegedly...
Wednesday, April 15, 2009

Standing Keynesianism on Its Head: as Employment Increases in Response to a Fall in Wage Rates, the Rate of Profit Rises, Not Falls

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This is the third in a series of articles that seeks to provide the intelligent layman with sufficient knowledge of sound economic theory to...
Sunday, March 29, 2009

The Fundamental Obstacles to Economic Recovery: Marxism and Keynesianism

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In a previous article , I explained how falling prices, far from being deflation, are actually the antidote to deflation. They are the antid...
Saturday, March 07, 2009

“Change” Under Obama: From Dumb to Dumber and From Bad to Worse

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A recent article in The New York Times quotes President Obama as saying, “I don’t buy the argument that providing workers with collective-b...
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