“The only way Congress can get one dollar to spend is to take that one dollar from Americans, borrow that one dollar from Americans, or inflate that one dollar from Americans. So, it's very much like the visual image of a swimming pool. A person notes there is a shallow end, so he takes the water out of the deep end and pours it in the shallow end, hoping to raise the height of the water in the pool - and you would call that person stupid.”
Quote by Walter E. Williams
Author
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
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