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Walter E. Williams

Walter E. Williams Quotes

Economist

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Famous Walter E. Williams Quotes

“In 302, the Roman emperor Diocletian commanded "there should be cheapness," declaring, "Unprincipled greed appears wherever our armies ... march. ... Our law shall fix a measure and a limit to this greed." The predictable result of Diocletian's food price controls were black markets, hunger and food confiscation by his soldiers. Despite the disastrous history of price controls, politicians never manage to resist tampering with prices -- that's not a flattering observation of their learning abilities.”

“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.”

“It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.”

“So what's the difference between republican and democratic forms of government? John Adams captured the essence of the difference when he said, 'You have rights antecedent to all earthly governments; rights that cannot be repealed or restrained by human laws; rights derived from the Great Legislator of the Universe.' Nothing in our Constitution suggests that government is a grantor of rights. Instead, government is a protector of rights.”

“I was more than anything a radical. I was more sympathetic to Malcolm X than Martin Luther King because Malcolm X was more of a radical who was willing to confront discrimination in ways that I thought it should be confronted, including perhaps the use of violence. But I really just wanted to be left alone. I thought some laws, like minimum-wage laws, helped poor people and poor black people and protected workers from exploitation. I thought they were a good thing until I was pressed by professors to look at the evidence.”