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.

Thursday, September 22, 2011

James Madison was Right About Property Rights—by Gen LaGreca & Marsha Enright

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Constitution Day on September 17 celebrates the 1787 signing of the document that established the United States of America. But like the vi...
Sunday, September 18, 2011

Professor Brian Simpson of National University has asked me to make the following announcement:

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National University of La Jolla, CA has a limited number of scholarships available for three online courses that focus on free-market econom...
Sunday, June 05, 2011

The New York Times Urges Government Aggression Against Producers and Consumers of Automobiles

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In its lead editorial, titled “Sticker Shock,” The New York Times of Sunday, June 5, 2011, has the audacity to declare that “…Detroit and o...
Tuesday, April 12, 2011

Wages and the Irrelevance of Worker Need and Employer Greed

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The Marxian doctrine of the alleged arbitrary power of employers over wages appears plausible because there are two obvious facts that it re...
Wednesday, April 06, 2011

How to Eliminate Social Security and Medicare*

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Expenditures under the Social Security and Medicare programs account for approximately one-third of total federal government spending.1 It i...
Monday, January 10, 2011

WHERE PROFIT COMES FROM

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Labor unions like to argue that the payment of higher wages is to the self-interest of employers because the wage earners will use their hig...
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