George Reisman

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.

Abolition of Income and Inheritance Taxes Under Capitalism (Part 5 of 10)

A possible way to start on the elimination of the income/inheritance tax right now would be to fight for the immediate adoption of a universal exemption of at least 51 percent of everyone’s income from federal, state, and local income taxation under all circumstances.

Socialized Medicine and Rationing

Socialized Medicine and Rationing

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.”

Who Offends Islam?

Who Offends Islam?

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.

Dictator Mentality at The New York Times

Dictator Mentality at The New York Times

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.

Oil, Big Business, and “Monopoly”

Oil, Big Business, and “Monopoly”

Environmentalism thus stands a very strong chance of ultimately reverting to the more traditional socialism of massive government construction and engineering projects.

To Fight Corruption, Limit Government

To Fight Corruption, Limit Government

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 Truth About Coercive Labor Unions

The Truth About Coercive Labor Unions

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.

Social Security Reform: The Capitalism Alternative

Social Security Reform: The Capitalism Alternative

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.

Sins of Businessmen, Crimes of Politicians

Sins of Businessmen, Crimes of Politicians

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.

Capitalism and Government Intervention

Capitalism and Government Intervention

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.

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