John O’Donnell’s guest today is Dr. George Reisman. He is a Pepperdine University Professor Emeritus of Economics and author of Capitalism: A Treatise of Economics. He was a personal student of Ludwig von Mises under whom he obtained his doctorate in economics in 1963. His website is www.capitalism.net. The duo discuss on PTR today: economic inequality, including income and inheritance taxes, the nonsense of the 99% vs the 1%, and where Marx was wrong about capitalism and why the Fed cannot control the equity and real estate markets with interest rate manipulations.