Despite the miracles of capitalism, it doesn't do well in popularity polls. One of the reasons is that capitalism is always evaluated against the non-existent, non-realizable utopias of socialism or communism. Any earthly system, when compared to a Utopia, will pale in comparison. But for the ordinary person, capitalism, with all of its warts, is superior to any system yet devised to deal with our everyday needs and desires.
Walter E. WilliamsIn general, presidents and congressmen have very limited power to do good for the economy and awesome power to do bad. The best good thing that politicians can do for the economy is to stop doing bad. In part, this can be achieved through reducing taxes and economic regulation, and staying out of our lives.
Walter E. WilliamsMost of the great problems we face are caused by politicians creating solutions to problems they created in the first place.
Walter E. WilliamsIt is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.
Walter E. WilliamsThou shalt not steal unless thou hast a majority vote in Congress.... I'm healthy; subsidized prescription drugs won't do me much good. I'd be willing to forego my prescription drugs if Congress would force some young American to mow my lawn.
Walter E. WilliamsFor black politicians, civil rights organizations and white liberals to support the racist practices of the University of Michigan amounts to no less than a gross betrayal of the civil rights principles of our historic struggle from slavery to the final guarantee of constitutional rights to all Americans. Indeed, it was practices like those of the University of Michigan, but against blacks, that were the focal point of much of the civil rights movement.
Walter E. Williams