George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics and the author of Capitalism: A Treatise on Economics. See his Amazon.com author's page for additional titles by him.
Visit his website capitalism.net and his blog atGeorgeReismansBlog.blogspot.com. Watch his YouTube videos and follow @GGReisman on Twitter.
The environmental movement maintains that science and technology cannot be relied upon to build a safe atomic power plant, to produce a pesticide that is safe, or even to bake a loaf of bread that is safe, if that loaf of bread contains chemical preservatives. When it...
Economic inequality that results from economic freedom is to the material self-interest of everyone. It is the foundation of rising real wages and a rising standard of living.
The people who will be stopped by the system will not be terrorists but innocent citizens, seeking to evade unjust laws and regulations.
Unfortunately, when medical care is made free, the quantity of it that people attempt to consume becomes virtually limitless.
This rationale and its acceptance by a judge is an illustration of what Ayn Rand, with good reason, used to describe contemptuously as a “collectivist stewpot.”
The American people need protection from crime, private and government.
A cartoon depicting the Prophet Muhammad as a terrorist bomber is certainly highly offensive to all those Muslims who have rioted, burned, and killed in recent days in protest against such cartoons.
Like a dictator who is unhappy with the outcome of an election, The Times is unhappy with the outcome of the choices of tens of millions of American citizens expressed in their purchases of motor-vehicles and fuel for those vehicles.
Muslim Fundamentalists Islamic Jihad Against Fleming Rose and Jyllands-Posten
Environmentalism thus stands a very strong chance of ultimately reverting to the more traditional socialism of massive government construction and engineering projects.
If politicians were serious about wanting to reduce the burden imposed on consumers by the high price of oil, all they would need to do would be to abolish the restrictions on energy production that they have up to now been supporting.
If one is serious about fighting corruption, the first and most important thing that must be fought is all discretionary power on the part of the government and its officials.
The rise in health care costs is exactly what one should expect from the government’s long-standing policy of collectivizing the cost of medical care.
The only really proper reform of Social Security is the gradual abolition of the whole system.
Where the closed shop unions hold sway, companies cannot compete. Their market share falls and they ultimately go bankrupt. The only way that coercive unions can maintain any given share of the labor force is by finding new victims to replace the ones they have sucked dry.
Intellectuals overcome with envy cannot tolerate the thought that in capitalist society other whom they regard as their intellectual and cultural inferiors, mere businessmen and capitalists, earn so much more and live so much better than they do.
The prescription drug benefit is a monster that should be killed before it is hatched.
The end of Social Security and its diversion of funds into government consumption—the return to private, individual saving and provision for the future—will mean a great increase in saving and the accumulation of capital, because the savings of individuals will be invested, not squandered.
The admirers of billionaire George Soros’s essay have no more knowledge concerning the actual nature of laissez-faire capitalism than George Soros does.
Economic freedom, not government interference, is the means of overcoming poverty.
The fear of other people’s intelligence and ability applied to the production of goods we consume is not only profoundly wrong but also extremely dangerous.
Acts of dishonesty and fraud have no more essential connection to business activity than they do to the practice of medicine or the performance of music or to any of the arts or sciences.
Many countries often thought to be socialist, either now or in the past, such as Sweden, Israel, and Britain under the old Labor Party, should be thought of as hampered market economies instead.
What needs to be realized is that there are two distinct causes of generally falling prices. One is the increase in production and supply, which should never, never be confused with deflation, depression, or poverty. The other is a decrease in the quantity of money and or volume of spending in the economic system.
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