My Top 10 Favorite Quotes From Walter E. Williams

Dr. Walter E. Williams, John M. Olin Distinguished Professor of Economics, George Mason University gave a public lecture titled “The Role of Government in a Free Society” on September 19, 2013, at Texas Tech University.

Economist and author Walter E. Williams led an impressive and distinguished life. His writings and syndicated columns were internationally known for his wise perspective on political issues, civil rights, and economics. Here are My Top 10 Favorite Quotes From Walter E. Williams:

Socialism promises a utopia that sounds good, but those promises are never realized. It most often results in massive human suffering. – WILLIAMS: Socialist Promises (2019)

We’re all grossly ignorant about most things that we use and encounter in our daily lives, but each of us is knowledgeable about tiny, relatively inconsequential things. – Economics for the Citizen (1978)

How does something immoral, when done privately, become moral when it is done collectively? Furthermore, does legality establish morality? Slavery was legal; apartheid is legal; Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of moral people. – All It Takes is Guts: A Minority View (1987)

There is no moral argument that justifies using the coercive powers of government to force one person to bear the expense of taking care of another. – Liberty vs Socialism (2008)

Here’s my question to you: Are the people who, by their actions, created unprecedented convenience, longer life expectancy and a more pleasant life for the ordinary person — and became wealthy in the process — deserving of all the scorn and ridicule heaped upon them by intellectuals and political hustlers today? – WILLIAMS: Socialist Promises (2019)

Three-fifths to two-thirds of the federal budget consists of taking property from one American and giving it to another. Were a private person to do the same thing, we’d call it theft. When government does it, we euphemistically call it income redistribution, but that’s exactly what thieves do — redistribute income. Income redistribution not only betrays the founders’ vision, it’s a sin in the eyes of God. – On Bogus Right (2006)

But let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you – and why? – All It Takes is Guts: A Minority View (1987)

This is why socialism is evil. It employs evil means, coercion or taking the property of one person, to accomplish good ends, helping one’s fellow man. Helping one’s fellow man in need, by reaching into one’s own pockets, is a laudable and praiseworthy goal. Doing the same through coercion and reaching into another’s pockets has no redeeming features and is worthy of condemnation. – Evil Concealed by Money (2008)

Capitalism, or what some call free markets, is relatively new in human history. Prior to capitalism, the way individuals amassed great wealth was by looting, plundering and enslaving their fellow man. With the rise of capitalism, it became possible to amass great wealth by serving and pleasing your fellow man. Capitalists seek to discover what people want and produce and market it as efficiently as possible as a means to profit. – WILLIAMS: Socialist Promises (2019)

What human motivation is responsible for getting the most wonderful things done? I would say greed. When I use the term greed, I do not mean cheating, stealing, fraud and other acts of dishonesty, I mean people seeking to get the most for themselves. One might be tempted to use “enlightened self interest” but I like greed better. Unfortunately, many people are naive enough to believe that it is compassion, concern, and “feeling another’s pain” that’s the superior human motivation. As such we fall easy prey to charlatans, quacks and hustlers. – Markets, Governments, and the Common Good (2016)

What do you think? Let me know in the comments below. Tell me if there is a comic book, movie, or novel you would like me to review. While you are at it, check out my favorite quotes from Martin Luther King, Jr. and Pastor William Seymour. Don’t forget to like, share, and subscribe for more posts like this one.

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