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. WilliamsReaching into one's own pocket to assist his fellow man is noble and worthy of praise. Reaching into another person's pocket to assist one's fellow man is despicable and worthy of condemnation.
Walter E. WilliamsUniversities 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. WilliamsThe bottom line is that if politicians weren't in the business of granting favors and exacting tribute, every single issue surrounding campaign finance reform would be irrelevant. After all, why would anyone spend money for influence, access, favors and tribute if the only thing that politicians do is to live up to their oaths to uphold and defend the Constitution?
Walter E. Williams