The prospects are dim for a society that makes mascots out of the unproductive and condemns the productive.
Walter E. WilliamsPoverty in Egypt, or anywhere else, is not very difficult to explain. There are three basic causes: People are poor because they cannot produce anything highly valued by others. They can produce things highly valued by others but are hampered or prevented from doing so. Or, they volunteer to be poor.
Walter E. WilliamsThe greatest percentage of poverty is found in female-headed households. Over 70 percent of female-headed households are poor. A large percentage of poor people are children (17 percent); fully 85 percent of black children living in poverty reside in a female-headed household.
Walter E. WilliamsIf one person has a right to something he did not earn, of necessity it requires that another person not have a right to something that he did earn.
Walter E. WilliamsIncreases in money supply are what constitute inflation, and a general rise in prices is the symptom.
Walter E. WilliamsLiberals believe government should take people's earnings to give to poor people. Conservatives disagree. They think government should confiscate people's earnings and give them to farmers and insolvent banks. The compelling issue to both conservatives and liberals is not whether it is legitimate for government to confiscate one's property to give to another, the debate is over the disposition of the pillage.
Walter E. Williams