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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
Money
Prices
Supply
Economics
Rise
Symptom
Increase
Constitute
General
Increases
Liberty
Symptoms
Economic
Inflation

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All we have to do now is to inform the public that the payment of social security taxes is voluntary and watch the mass exodus.
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Whether we want to own up to it or not, the welfare state has done what Jim Crow, gross discrimination and poverty could not have done. It has contributed to the breakdown of the black family structure and has helped establish a set of values alien to traditional values of high moral standards, hard work and achievement.
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If there's a distinct group of Americans who harbor open contempt for constitutional principles and rule of law, it's lawyers, judges and members of Congress.
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When the Founders thought of democracy, they saw democracy in the political sphere - a sphere strictly limited by the Constitution's well-defined and enumerated powers given the federal government. Substituting democratic decision making for what should be private decision making is nothing less than tyranny dressed up.
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In keeping Americans ill-educated, ill-informed and constitutionally ignorant, the education establishment has been the politician's major and most faithful partner. It is in this sense that American education can be deemed a success.
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If we buy into the notion that somehow property rights are less important, or are in conflict with, human or civil rights, we give the socialists a freer hand to attack our property.
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True rights, such as those in our Constitution, or those considered to be natural or human rights, exist simultaneously among people. That means exercise of a right by one person does not diminish those held by another.
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After a Canadian has been referred to a specialist, the waiting list for gynecological surgery is four to 12 weeks, cataract removal 12 to 18 weeks, tonsillectomy three to 36 weeks and neurosurgery five to 30 weeks.
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Many of the wonderful achievements of the 20th century were the result of the pursuit of profits. Unfortunately, demagoguery has led to profits becoming a dirty word. Nonprofit is seen as more righteous, particularly when people pompously stand before us and declare, 'We're a nonprofit organization.'
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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.
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The message coming out of Washington, especially from our leftist politicians and the news media, is that we solve our budget problems by raising taxes on the rich. If Americans were more informed, such a message would be insulting to our intelligence. There are not enough rich people to satisfy Congress' appetite.
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I learned that you have to evaluate the effects of public policy as opposed to intentions.
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According to the Institute for International Economics, trade barriers cost American consumers $80 billion a year or more than $1,200 per family.
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Reaching into someone else's pocket to assist one's fellow man hardly qualifies as charity.
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The belief that society benefits from destruction is lunacy.
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Nothing in our Constitution suggests that government is a grantor of rights. Instead, government is a protector of rights.
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If grade inflation continues, a college bachelor's degree will have just as much credibility as a high school diploma.
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Discrimination is simply the act of choice. Scarcity requires us to choose scarcity is the cause of discrimination!
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Wealth comes from successful individual efforts to please one's fellow man ... that's what competition is all about: outpleasing your competitors to win over the consumers.
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