Quotessence
Home / Quotes / Quote by Walter E. Williams

Quote by Walter E. Williams

“Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.”

Quote by Walter E. Williams

Create image

Author

Walter E. Williams
Walter E. Williams

Walter E. Williams is a distinguished economist born on June 30, 1936. He has made significant contributions to the field of economics, particularly in the areas of free-market theory and racial relations. Professor Williams has taught at several universities and authored several best-selling books, his views and theories have had a profound impact on both academia and the public. more

You May Also Like

“Recent school shootings have lured ill-informed Americans into a war on our Second Amendment guarantees, led by the nation's tyrants and their useful idiots. ... The Second Amendment was given to us as protection against tyranny by the federal government and the Congress of the United States.”

WarStatesGovernmentSchoolGivenNationsUnitedUnited StatesCongressIllProtectionTyrannyShootingIdiotGuaranteesTyrantsAmendmentsFederal GovernmentSecond AmendmentSchool Shooting
Author:Walter E. Williams
Create image

“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.”

ShouldLawBlackAbilityResultsPoliticianLimitsArmyGreedSoldierHungerDespiteManageObservationMarchPredictableEmperorFlatteringDeclaringCheapnessRoman Emperor
Author:Walter E. Williams
Create image

“Every politician, every member of the clerical profession, ought to incur the reasonable suspicion of being an interested supporter of false doctrines, who becomes angry at opposition, and endeavors to cast an odium on free inquiry. Fraud and falsehood only dread examination. Truth invites it.”

ReasonTruthReligionPoliticsOughtPoliticianMembersAngryCastsProfessionDoctrineReasonableOppositionEndeavorFraudInvitesDreadFalsehoodSuspicionSupporterInquiryExamination
Book:Lectures on the Elements of Political Economy ...
Create image

“You are born supernaturally through faith, by the grace of God, into the kingdom of righteousness; but you are born a little babe, that is all; and if you make any progress from that point on, it must be by work, by sacrifice, by the practice of Christian virtues, by benevolence, by self-denial, by resisting the adversary, by making valiant war for God and against sin; and on no other basis, am I authorized in giving you a hope that you may come to manhood in Christ Jesus.”

IfsGivingMayLittlesWarSelfChristianSpiritualityJesusChristBornSinPracticeVirtueGraceProgressSacrificeBasesKingdomsDenialRighteousnessManhoodGrace Of GodAdversariesBenevolenceBabeResistingSelf-denialValiant
Author:Charles Henry Fowler
Create image