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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
General
Increases
Liberty
Symptoms
Economic
Inflation
Money
Prices
Supply
Economics
Rise
Symptom
Increase
Constitute
More quotes by Walter E. Williams
You can bet the rent money that whatever politicians do will end up harming consumers. ... Economic ignorance is to politicians what idle hands are to the devil. Both provide the workshop for the creation of evil.
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
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.
Walter E. Williams
We will not make inroads into the gun-violence problem until we acknowledge the underlying causes of youth behavior today, compared to yesterday. ... we must come to the realization that laws and regulations alone cannot produce a civilized society. It's morality that is society's first line of defense against uncivilized behavior.
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
However, if we wish to be compassionate with our fellow man, we must learn to engage in dispassionate analysis. In other words, thinking with our hearts, rather than our brains, is a surefire method to hurt those whom we wish to help.
Walter E. Williams
The framers gave us the Second Amendment not so we could go deer or duck hunting but to give us a modicum of protection against congressional tyranny.
Walter E. Williams
Powerful government tends to draw into it people with bloated egos, people who think they know more than everyone else and have little hesitance in coercing their fellow man. Or as Nobel Laureate Friedrich Hayek said, in government, the scum rises to the top.
Walter E. Williams
No human should be coerced by the state to bear the medical expense, or any other expense, for his fellow man. In other words, the forcible use of one person to serve the purposes of another is morally offensive.
Walter E. Williams
I learned that you have to evaluate the effects of public policy as opposed to intentions.
Walter E. Williams
More important than anything else is for Americans to wise up to class warfare demagoguery and reject the politics of envy.
Walter E. Williams
Minimum-wage laws are one of the most powerful tools in the arsenal of racists.
Walter E. Williams
Poverty in Egypt, or anywhere else, is not very difficult to explain. There are three basic causes: People are poor because they cannot produce anything highly valued by others. They can produce things highly valued by others but are hampered or prevented from doing so. Or, they volunteer to be poor.
Walter E. Williams
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.'
Walter E. Williams
One of the wonderful things about free markets is that the path to greater wealth comes not from looting, plundering and enslaving one's fellow man, as it has throughout most of human history, but by serving and pleasing him.
Walter E. Williams
Here's Williams' roadmap out of poverty: Complete high school get a job, any kind of a job get married before having children and be a law-abiding citizen. Among both black and white Americans so described, the poverty rate is in the single digits.
Walter E. Williams
Government schools can go for decades delivering low-quality services, and what's the result? The people who manage it earn higher pay. It's nearly impossible to fire the incompetents. And, taxpayers, who support the service, are given higher tax bills.
Walter E. Williams
Nothing in our Constitution suggests that government is a grantor of rights. Instead, government is a protector of rights.
Walter E. Williams
An increasing amount of climate research suggests a possibility of global cooling.
Walter E. Williams
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