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.

Monday, June 29, 2020

On Maintaining the Police and Army

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The essential and only proper function of government is to protect its citizens against the initiation of physical force. This means having...
Sunday, June 28, 2020

Socialism Is Slavery and Worse

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Socialism is government ownership of the means of production. Since all work requires the use of means of production, under socialism the...
Wednesday, June 24, 2020

Tuition Refunds for Today's Uneducated Graduates

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Most college and university graduates of the last generation or more are essentially uneducated in the nature and values of modern Western...
Saturday, June 13, 2020

Riots Are Riots Even Though the New York Times Calls Them "Protests"

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The New York Times has described the Minneapolis police force as peaceful and non-violent for the most part———OOPS! MISTAKE!!! MISTAKE!!! ...
Sunday, June 07, 2020

What the Protests Are Protesting

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The “protests” are not against the death of George Floyd. His connection is no greater than the length of the fuse needed to set off a vas...
Saturday, June 06, 2020

Trump Versus Our Enemies

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Retired General Mattis has accused Pres. Trump of dividing the country in a time of crisis. ( https://www.nytimes.com/2020/06/03/us/politic...
Sunday, May 31, 2020

Bailouts and the Destruction of the Buying Power of Money

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In the first chapter of Capitalism , I wrote, “In the absence of a widespread, serious understanding of the principles of economics, the ci...
Monday, April 13, 2020

The Coronavirus Must Not Be Allowed to Make the Dollar into the New Toilet Paper

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Do not be surprised if, a year from now, prices are 20 percent or more higher than they are today and that tens of millions of elderly peopl...
Thursday, April 02, 2020

Major Inflation and Great Depression at the Same Time?

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Re: https://mises.org/wire/why-world-has-dollar-shortage-despite-massive-fed-action Mises.org: Why the World Has a Dollar Shortage Dear...
Tuesday, March 31, 2020

How Far Left the Democrats Actually Are

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It’s clear that today’s Democratic Party is very far left. But it may come as a surprise to learn that it’s further to the left than the Ch...
Monday, March 30, 2020

Coronavirus March 30, 2020

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According to worldometer ( https://bit.ly/3bDD6rk ), the latest US death toll from the Coronavirus is 2,938, an increase of 538 from the 2...
Sunday, March 29, 2020

Actual and Projected Death Rates of the Coronavirus

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As of 3/29/20, the death toll in the US is 2,400; globally, it’s 34,000. As a proportion of population (300 million in US and 7 billion g...
Monday, March 23, 2020

A Soviet-Style Economy in America?

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America may be headed toward a Soviet-style economy, with permanent pervasive shortages and waiting lines. This is because Congress and t...
Thursday, March 19, 2020

China’s Alleged Overcoming of the Coronavirus

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According to the NYT ( https://nyti.ms/3bgDFHH ), there are no new Coronavirus cases in China except for those brought in from the outside. ...
Sunday, March 15, 2020

Anti-“Price-Gouging” and the Preference for Suffering Over Profit

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The New York Times reports that many hospitals are now rationing hand sanitizer and “crucial respirator masks” while at the same time larg...
Wednesday, March 04, 2020

Capital Must Not Be Meat for Socialism’s Ravenous Wild Dogs

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Under capitalism, one man may own a string of automobile factories, and one man may own a string of oil fields, pipelines, and refineries....
Sunday, March 01, 2020

The Environmentalist Left’s Remarkable New Principle

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If we destroy the energy base needed to produce and operate the construction equipment required to build strong, well-made, comfortable hous...
Saturday, February 29, 2020

Bernie's and the Left's Homicidal and Suicidal Philosophy

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Bernie’s and the Left’s philosophy of socialism and environmentalism, with its hostility to fossil fuels and industrial civilization, is ho...
Wednesday, February 26, 2020

Bernie’s Financial Plan

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If you thought Joe Biden must have some kind of mental problem to say that 150 million people had been killed by guns in the hands of ran...
Saturday, February 22, 2020

Why Washington’s Birthday Must Be Restored as a National Holiday

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Today is Washington’s Birthday. If we value the principles on which the United States was founded, then Washington’s Birthday deserves to...
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