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Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.
Walter E. Williams
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Walter E. Williams
Age: 84 †
Born: 1936
Born: March 31
Died: 2020
Died: December 1
Columnist
Economist
Journalist
Radio Personality
University Teacher
Philadelphia
Pennsylvania
Walter Williams
Walter Edward Williams
Supply
Economics
Rise
Symptom
Increase
Constitute
General
Increases
Liberty
Symptoms
Economic
Inflation
Money
Prices
More quotes by Walter E. Williams
Minimum-wage laws are one of the most powerful tools in the arsenal of racists.
Walter E. Williams
The global warming scare has provided a field day for politicians and others who wish to control our lives. After all, only the imagination limits the kind of laws and restrictions that can be written in the name of saving the planet.
Walter E. Williams
In a free society, government has the responsibility of protecting us from others, but not from ourselves.
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The public good is promoted best by people pursuing their own private interests. This bothers some people because they're more concerned with motives than with results.
Walter E. Williams
Governments are instituted among Men, deriving their just powers from the consent of the governed
Walter E. Williams
The true test of one's commitment to liberty and private property rights doesn't come when we permit people to be free to do those voluntary things with which we agree. The true test comes when we permit people to be free to do those voluntary things with which we disagree.
Walter E. Williams
There are people in need of help. Charity is one of the nobler human motivations. The act of reaching into one's own pockets to help a fellow man in need is praiseworthy and laudable. Reaching into someone else's pocket is despicable and worthy of condemnation.
Walter E. Williams
If our country is to survive and prosper, we must summon the courage to condemn and reject the liberal agenda, and we had better do it soon.
Walter E. Williams
If the States do not have the right to secede, then they have no rights at all.
Walter E. Williams
The freedom of individuals from compulsion or coercion never was, and is not now, the normal state of human affairs. The normal state for the ordinary person is tyranny, arbitrary control and abuse mainly by their own government.
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The difference between a thief and a congressman: When a thief steals your money, he doesn't expect you to thank him.
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Economic planning is nothing more than the forcible superseding of other people's plans by the powerful elite backed up by the brute force of government.
Walter E. Williams
Reduced employment opportunities is one effect of minimum wage legislation. The minimum wage law has imposed incalculable harm on the disadvantaged members of our society. The only moral thing to do is to repeal it.
Walter E. Williams
The Founders knew that a democracy would lead to some kind of tyranny. The term democracy appears in none of our Founding documents. Their vision for us was a Republic and limited government.
Walter E. Williams
A recent study by David Green and Laura Casper, 'Delay, Denial and Dilution,' written for the London-based Institute of Economic Affairs, concludes that the World Health Organization calculated that Britain has as many as 25,000 unnecessary cancer deaths a year because of under-provision of care.
Walter E. Williams
The belief that society benefits from destruction is lunacy.
Walter E. Williams
Government is about coercion. Limiting government is the single most important instrument for guaranteeing liberty. We're working on a third generation which has little in the way of education about what our Constitution means and why it was written. Thus, we've fallen easy prey to charlatens, quacks, and hustlers.
Walter E. Williams
Government income redistribution programs produce the same result as theft. In fact, that's what a thief does he redistributes income. The difference between government and thievery is mostly a matter of legality.
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We should view our government the way we should a friendly, cuddly lion. Just because he's friendly and cuddly shouldn't blind us to the fact that he's still got teeth and claws.
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Legality alone is no guide for a moral people. There are many things in this world that have been, or are, legal but clearly immoral. Slavery was legal. Did that make it moral? South Africa’s apartheid, Nazi persecution of Jews, and Stalinist and Maoist purges were all legal, but did that make them moral?
Walter E. Williams