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.

Saturday, October 05, 2019

The Effect of Taxing Stock Market Gains on the Demand for Means of Production

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Concerning my August 20, 2019 post "The Wealth of the Wealthy," a Twitter follower has written: "Much of capitalists’ wealt...
Wednesday, August 28, 2019

AN OPEN LETTER TO JAMIE DIMON AND THE MEMBERS OF THE BUSINESS ROUNDTABLE CONCERNING THEIR REPORTED DECISION TO ABANDON THE PRIMACY OF SHAREHOLDERS’ INTERESTS

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Dear Mr. Dimon et al. : You, Gentlemen, are being portrayed in the press as virtual thieves, acting on the presumption that the property ...
Sunday, August 25, 2019

SHAREHOLDERS NOT “STAKEHOLDERS”

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In a world in which there are men and women who do not know to which sex they belong, it should not be surprising that there are corporate ...
Tuesday, August 20, 2019

THE WEALTH OF THE WEALTHY: A RESONSE TO BERNIE SANDERS' RETWEET AT http://bit.ly/31VsjnQ

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The Walton family (the owners of Walmart) is currently worth about $190 billion. The Koch Brothers and Mars families (candy bars) are both ...
Saturday, August 17, 2019

Greenland Ice Melt

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The enviro-socialist “climate emergency” crowd was busy earlier this month trying to launch the human equivalent of a cattle stampede by...
Friday, August 09, 2019

My Blurb Review of the Carol Burnett Show

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This show enables me to fall asleep with a smile on my face and laughter in my heart. Carol Burnett is not only one of the greatest comedian...
Thursday, August 08, 2019

Answers to a Pair of Marxists on Twitter

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The irony of accusing socialists of wanting "free stuff" is that capitalism lives on free stuff: labor, nature, the work of so...
Friday, July 26, 2019

What's Wrong with the Labor Theory Value: An Answer for College Graduates Who Don't Know

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A Twitter user named Jack Angstreich (@angstreich2) recently asked, “What argument establishes that Marx’s labor theory of value is false?”...
Friday, July 12, 2019

THE UNITED STATES, INDIVIDUAL RIGHTS, AND SLAVERY

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The United States is the first country in the history of the world to have been founded on the principle that men are endowed with unaliena...

WHEN IT COMES TO SOCIALISM, IGNORANCE DOES NOT PRECLUDE VICIOUSNESS

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On July 6, I tweeted, “ Socialists do not realize that capitalism’s privately owned means of production benefit everyone who buys the prod...
Sunday, July 07, 2019

SOCIALIST IGNORANCE TO THE POINT OF RETARDATION

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Please click on the following link and then read the material that comes up in the socialist tweet. Stop when you finish the text in the p...
Thursday, July 04, 2019

FOURTH OF JULY TWEETS

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On this day of the celebration of individual rights, let us remember that while America and capitalism represent freedom, socialism is a s...
Wednesday, July 03, 2019

STEP BY STEP THERAPY FOR MSTD (MARXISM/SOCIALISM THOUGHT DISORDER). POINT BY POINT CHALENGES

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The beliefs about the alleged horrors of capitalism are disastrous errors. They confuse the terrible conditions inherited by capitali...
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