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

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If one person has a right to something he did not earn, of necessity it requires that another person not have a right to something that he did earn.
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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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When it came to the 2000 election, 84 percent of Ivy League faculty voted for Al Gore, 6 percent for Ralph Nader and 9 percent for George Bush. In the general electorate, the vote was split at 48 percent for Gore and Bush, and 3 percent for Nader.
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Most of our country's serious problems can be laid at the feet of Congress and the White House and not at capitalism.
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The prospects are dim for a society that makes mascots out of the unproductive and condemns the productive.
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As American education and intelligence becomes replaced by feelings and emotion, not seeing the forest for the trees has become a major problem.
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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.
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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.
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Politicians have always coveted the liberties we hold.
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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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The greatest percentage of poverty is found in female-headed households. Over 70 percent of female-headed households are poor. A large percentage of poor people are children (17 percent) fully 85 percent of black children living in poverty reside in a female-headed household.
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Charity is reaching into one's own pockets to assist his fellow man in need. Reaching into someone else's pocket to assist one's fellow man hardly qualifies as charity. When done privately, we deem it theft, and the individual risks jail time.
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Today's liberals wish to disarm us so they can run their evil and oppressive agenda on us. The fight against crime is just a convenient excuse to further their agenda. I don't know about you, but if you hear that Williams' guns have been taken, you'll know Williams is dead.
Walter E. Williams
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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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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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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.
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Thou shalt not steal unless thou hast a majority vote in Congress.... I'm healthy subsidized prescription drugs won't do me much good. I'd be willing to forego my prescription drugs if Congress would force some young American to mow my lawn.
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If the States do not have the right to secede, then they have no rights at all.
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Reaching into one's own pocket to assist his fellow man is noble and worthy of praise. Reaching into another person's pocket to assist one's fellow man is despicable and worthy of condemnation.
Walter E. Williams
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There are many farm handouts but let's call them what they really are: a form of legalized theft. Essentially, a congressman tells his farm constituency, Vote for me. I'll use my office to take another American's money and give it to you.
Walter E. Williams