Walter Williams

Walter Williams (March 31, 1936 – December 1, 2020) was an American economist, commentator, academic, and columnist at Capitalism Magazine.He was the John M. Olin Distinguished Professor of Economics at George Mason University, and a syndicated editorialist for Creator's Syndicate. He is author of Race and Economics: How Much Can Be Blamed on Discrimination?, and numerous other works.

Appreciating Black History

Government should do its job of protecting constitutional rights. After that, black people should be simply left alone as opposed to being smothered by the paternalism inspired by white guilt.

The Absurdities Underlying Multiculturalism

What I celebrate as a source of pride and self-esteem is the fact that I have brown eyes. You say, "Williams, that goes to prove what we've been saying all along. You're a lunatic! Is having brown eyes some kind of accomplishment?" Such a response is proof positive...

Petty Annoyances

People think runaway government is the only thing that bothers me, but there're some minor nuisances that bother me as well. Chief among them are people's seeming inability to differentiate between the number zero and the letter "o" in conversation - even telephone...

Lessons from Adam Smith: Private Interest Public Good

Adam Smith, author of "The Wealth of Nations" (1776) and popularizer of modern economics said about people in general and businessmen in particular, "By pursuing his own interest he frequently promotes that of society more effectually than when he really intends to...

No Excuses: Closing the Racial Gap in Learning, Part II

Last week's column discussed parts of Abigail and Stephen Thernstrom's new book, "No Excuses: Closing the Racial Gap in Learning." It's a gap that finds the average black high-school graduate having achieved only what the average white youngster has achieved by the...

Capitalism and the Common Man

There are some arguments so illogical that only an intellectual or politician can believe them. One of those arguments is: capitalism benefits the rich more than it benefits the 'common man.' Let's look at it. The rich have always had access to entertainment, and some...

No Excuses: Closing the Racial Gap in Learning

"Excellent schools deliver a clear message to their students: No Excuses. No excuses for failing to do your homework, failing to work hard in general; no excuses for fighting with other students, running in the hallways, dressing inappropriately and so forth." That's...

Trashing the Rule of Law

For most of our history, we followed the British system of common law, including laws dealing with tort liability. This heritage has been attacked by courts and plaintiff attorneys so much that it is barely recognizable. One such doctrine of tort liability is the...

Is It Permissible?

We all can agree that having money to pay our mortgage or rent on time is very important. Since some people are spendthrifts and don't manage their money well, what about a congressional mandate whereby mortgage or rent money is deducted from our paychecks each month...

The Right to Deal

Suppose you want to deal with me but I don't want to deal with you. Should I be forced to? You might ask, "What are you talking about?" Here's a short list. Suppose you want to marry me, but I don't want to marry you. Or, suppose you want to play tennis with me, but I...

The Level Playing Field Act

Recent advocacy of free trade in this column has caused considerable reader apoplexy and anxiety, not to mention accusations of unconcern with worker plight. Readers have protested loss of good paying jobs to low-wage countries such as India, China and other Asian...

America’s Academic Tyrants

Many of America's colleges and universities have become the modern leaders of racism and intolerance. Recently, we were treated to information about racism at the University of Michigan, where its academic elite gave students 20 extra points toward admission based...

Click It or Ticket

Imagine you're having a backyard barbeque. A cop walks in and announces, "This is a random health and safety check to see whether you've removed the skin from the chicken before you served it." Though delicious in taste, we all know that chicken skin contains...

Foreign Trade Angst: Facts and Fictions

I've written a nationally syndicated column for nearly 25 years. Columns critical of Social Security and handouts to farmers used to bring the angry self-serving mail. Now it's international trade. Let me address some of the issues raised. First, it's misleading to...

Exporting Jobs

Among George Orwell's insightful observations, there's one very worthy of attention: "But if thought corrupts language, language can also corrupt thought." Let's look at a few examples of corrupted language, thought and information. Pretend you're a customs inspection...

Africa: A Tragic Continent

Anyone who believes President Bush's Africa initiative, including sending U.S. troops to Liberia, will amount to more than a hill of beans is whistling Dixie. Maybe it's overly pessimistic, but most of Africa is a continent without much hope for its people. Let's look...

Race Board Needed

The recent U.S. Supreme Court ruling in Grutter vs. Bollinger permits colleges to award a "plus" to black, Hispanic and American Indian student applications for admission. As sure as night follows day, we can expect racial fraud. You can bet the rent money that the...

Drug Industry Destruction

Last week, the House voted 324 to 101 to make it easier for Americans to import lower-priced prescription drugs sold in Canada and Europe for their own use. It rejected a more sweeping proposal to allow such imports by drug wholesalers and pharmacies. The fact of the...

How Did We Ever Make It Before Nanny Government?

Whenever someone says that this or that government program is absolutely necessary, I always wonder, "What did people do and how did they survive before the program?" If someone says food stamps are absolutely necessary for poor people's survival, I wonder how...

Insider Trading and Asymmetric Information

Some of us know more about some things than others, and we often exploit that advantage. I know more about my driving habits than my auto insurance company. Borrowers know more about their repayment prospects than lenders. The seller of a car knows more about the...

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