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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

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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
Else
Basic
Hampered
Political
Produce
Prevented
Cannot
Poverty
Valued
Anything
Causes
Volunteer
Things
Poor
Egypt
People
Difficult
Highly
Others
Explain
Three
Anywhere

More quotes by Walter E. Williams

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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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It was Thomas Jefferson who said that we should not allow the courts to have a monopoly on the interpretation of what is constitutional and what is not.
Walter E. Williams
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Maybe I'm overly pessimistic, but most of Africa is a continent without much hope for its people... What [Africa] needs, the West cannot give. ...what Africans need is personal liberty...[and] guarantees of private property rights and rule of law.
Walter E. Williams
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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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Universities have failed in their function of the pursuit of academic excellence by having dumbed down classes and granting degrees to students who are just barely literate and computationally incompetent.
Walter E. Williams
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The idea that even the brightest person or group of bright people, much less the U.S. Congress, can wisely manage an economy has to be the height of arrogance and conceit.
Walter E. Williams
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Nothing in our Constitution suggests that government is a grantor of rights. Instead, government is a protector of rights.
Walter E. Williams
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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.
Walter E. Williams
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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
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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
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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
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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.
Walter E. Williams
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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.
Walter E. Williams
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The crucial question for any policy is not what, are its intentions, but what are its effects?
Walter E. Williams
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Profit is vital to human well-being. Profit is the payment to entrepreneurs just as wages are payments to labor, interest to capital and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants and do so in a way that economizes on society's scarce resources.
Walter E. Williams
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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.
Walter E. Williams
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Whenever there's a tragedy involving gun use, Bill Clinton, Al Gore, the gun-control lobby and the news media seize it as another opportunity to exploit the emotions of uninformed American people for political gain.
Walter E. Williams
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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.
Walter E. Williams
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If the Constitution framers would come back today, they would have contempt for most of us.
Walter E. Williams
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Most of the great problems we face are caused by politicians creating solutions to problems they created in the first place.
Walter E. Williams