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. WilliamsWal-Mart has become the whipping boy for political demagogues, unions and anti-traders. I suggest that they have the wrong target.... Wal-Mart exists and prospers because tens of millions of Americans find Wal-Mart to be a suitable source of goods and services..... unions and anti-traders should direct their outrage and condemnation at the tens of millions of Americans who shop at Wal-Mart and keep it in business.
Walter E. WilliamsThe essence of government is force, and most often that force is used to accomplish evil ends.
Walter E. WilliamsPhilosopher Bertrand Russell suggested that 'Men are born ignorant, not stupid. They are made stupid by education.' And, it was Albert Einstein who explained, 'Insanity: doing the same thing over and over again and expecting different results.' So which is it - stupidity, ignorance or insanity - that explains the behavior of my fellow Americans who call for greater government involvement in our lives?
Walter E. WilliamsNo matter how worthy the cause, it is robbery, theft, and injustice to confiscate the property of one person and give it to another to whom it does not belong.
Walter E. WilliamsExperts and the educated elite have replaced what worked with what sounded good. Society was far more civilized before they took over our schools, prisons, welfare programs, police departments and courts. It's high time we ran these people out of our lives and went back to common sense.
Walter E. Williams