George Reisman Profile picture
Pepperdine University Professor Emeritus of Economics; Author, Capitalism: A Treatise on Economics https://t.co/eAgLyCOvfQ
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Oct 13, 2020 4 tweets 1 min read
WARNING: Now and then there is talk of using “lockdowns” as a means of combatting climate change. If this were to happen, the next step would be mass extermination. Those “locked down” [up], would be forcibly prevented from contributing anything to the economic system except CO2. They could not help but be viewed as constituting a class of destructive parasites. The Left’s logic already implies that billions should be slaughtered, especially where prosperity and thus CO2 emissions are greatest.
Oct 12, 2020 7 tweets 1 min read
Columbus Day 2020 II Columbus Day, which this year marks the 528th anniversary of Columbus’s discovery of America, is tomorrow.
Oct 10, 2020 5 tweets 1 min read
My and Your Individual Preferences Matter

Here's my preference: I prefer global warming and rising sea levels to socialism and a life of deprivation and poverty.. I prefer my car, my A/C, refrigerator, and all the other goods that fossil fuels make possible to holding down the global mean temperature a few degrees over the course of centuries. I have the same preference vis-a-vis a 50-100 foot rise in sea levels over 500-1000 years.
Oct 2, 2020 7 tweets 2 min read
The purpose of my life is my own happiness. It is not to serve as a conscript in anyone’s cockamamie scheme to “bend a curve,” hold back the seas, or hold down the mean temperature of the globe. That is government central planning, which violates my individual right to plan and pursue my own goals, i.e., my right to the pursuit of my own happiness.
Oct 1, 2020 4 tweets 1 min read
Kamala Harris praises BLM, says ongoing protests are 'essential' for change in US fxn.ws/32ZVkSy #FoxNews A vote for Biden and Harris (who will likely become President sometime in Biden’s term) is a vote for the black equivalent of the KKK and continuing rioting in the streets.
Sep 26, 2020 8 tweets 2 min read
Irresponsible Reporting Causes Needless Outrage Two Times Over The Breonna Taylor case in Louisville, KY is an example of today’s media doing such an irresponsible job of reporting, that the result is needless outrage, followed by rioting and destruction, two times over.
Sep 24, 2020 5 tweets 1 min read
If you want to judge the credibility of the New York Times, I urge you to read the following NYT article of 09/23/20 “Republican Inquiry Finds No Evidence of Wrongdoing by Biden,” The article is by Nicholas Fandos. And then watch a video featuring Sen. Ron Johnson of WI, the chairman of the committee conducting the inquiry, that shows the OPPOSITE of what the NYT article claims about the inquiry.
Sep 24, 2020 6 tweets 2 min read
Self-Interest and Social Benefit Capitalism is a system of voluntary social cooperation in which each benefits himself to the extent that he benefits others. He benefits himself by earning money, which he receives from others who value his goods or services more than the money they spend in buying them.
Sep 22, 2020 18 tweets 4 min read
Re: The 1619 Project Ancient Rome, Greece, Babylon, Egypt, India, China, and Africa too, all had slavery. None of them created the Industrial Revolution. Great Britain and the United States did create the Industrial Revolution, on a foundation of economic freedom and respect for individual rights.
Sep 21, 2020 8 tweets 2 min read
Why Trump’s Nominee to Scotus Must be Confirmed ASAP Senators Susan Collins and Lisa Murkowski seem to think that respecting alleged canons of electoral etiquette is more important than strengthening America’s prospects for survival as a free country.
Sep 19, 2020 4 tweets 1 min read
Sound economics always considers the actions of the individual in relation to the rest of the economic system and the economic system as a whole in relation to the actions of individuals. In contrast, so-called "micro-economics considers the actions of individuals as though divorced from the rest of the economic system, while so-called "macro-economics" considers the economic system as though divorced from the actions of individuals. It's a double error.
Sep 19, 2020 4 tweets 1 min read
The United States is teetering on the brink of a revolution or civil war. To move our country back toward peace and stability, Pres. Trump must immediately appoint a strong Constitutionalist to fill the vacancy on the Supreme Court opened by the death of Justice Ginsburg. He should give absolutely no consideration to fear of provoking more rioting by the Left. The Left will riot in any case. Better that they do it when there is an additional Constitutionalist on the Court than when there isn’t, or worse, another Leftist.
Sep 16, 2020 6 tweets 2 min read
Knowing how the Democrats are inventing one attack after another on Trump, I thought I might invent one for them, to show the absurdity of what they’re doing. I was going to ask, “Has anyone accused Trump of being responsible for the fires in the West?” It turns out that my absurdity is the Democrats’ reality. For just a day later, Biden actually accused Trump of being a “climate arsonist.”
Sep 9, 2020 10 tweets 2 min read
Attention: all economics students. Perhaps the most prominent equation in macroeconomics is that national income (essentially the sum of profits and wages) equals net national product, which is the sum of consumption plus net investment. Because consumption is much larger that net investment, it is almost universally assumed that it pays the bulk of national income. However, most spending in the economic system is actually not consumption. RATHER, IT IS CONCEALED UNDER NET INVESTMENT.
Aug 29, 2020 5 tweets 1 min read
Freedom is the absence of the initiation of physical force. It is established and maintained by the use of force in defense and retaliation, i.e., by means of the existence of police and military forces. The enemies of the police are supporters of a police state. Take away the police, and Marxist/Socialist mobs will seize the government and establish a police state. It’s that simple.
Aug 28, 2020 11 tweets 2 min read
Marxists Topple Statues as a Step Toward Killing People Marxists and the other mindless morons they influence have been running around picking fights with statues of long dead slave owners that they gleefully topple and destroy.
Aug 24, 2020 11 tweets 2 min read
Reisman’s Final Year’s University Lectures Available for Download Without Charge Recently, a reader of my book Capitalism: A Treatise on Economics, told me that he believed that he had been able to get more out of my book and do it more easily because he had listened to a series of lectures I had delivered over the years 1967-2007
Aug 17, 2020 4 tweets 2 min read
Excellent Interview with Bob Murphy Back on July 28, I had a really excellent interview with Bob Murphy. Here’s the link to the audio: bobmurphyshow.com/episodes/ep-13…
Aug 15, 2020 9 tweets 2 min read
Slavery as the Cause of General Loss While slavery enriched slave owners, it impoverished not only the slaves but also the United States as a whole. Its impoverishment of the US can be measured by the difference between what the slaves produced as slaves and the far greater amount they would have produced if free.
Aug 15, 2020 7 tweets 2 min read
The Meaning of Being “Green” Two differences between “Lockdowns” and “The Green New Deal” are that under “The Green New Deal” you won’t have gas for your car if you want to drive somewhere. And you won’t have electricity for your TV.
Aug 8, 2020 6 tweets 2 min read
Why isn’t Seattle mayor Jenny Durkan under indictment for manslaughter and being sued for wrongful death? She withdrew any police presence from the Capitol Hill neighborhood in Seattle. Result: businesses were looted, citizens were terrorized, four were shot, and two were killed. (See nytimes.com/2020/08/07/us/…)