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.

World Poverty

If you’re looking for a map of world poverty, check out the “2007 Index of Economic Freedom” jointly published by the Heritage Foundation and The Wall Street Journal. You might think that’s a strangely titled source for a poverty map. The 13th...

Property Rights After the Kelo Decision

“Imprimis” is Hillsdale College’s monthly publication that has over 1.25 million readers. It’s Hillsdale’s way of sharing the ideas of the many distinguished speakers invited to their campus. And, I might add, Hillsdale College is one of...

Trade Deficits: Good or Bad?

Two recent articles ought to give pause to current political and journalistic ignorance, perhaps demagoguery, about our international trade deficit. In a December Wall Street Journal article titled “Embrace the Deficit,” Bear Stearns’ chief economist...

Trans Fat Ban

In the wake of New York City’s ban on restaurant use of trans fat, Mayor Michael Bloomberg said the ban is “not going to take away anybody’s ability to go out and have the kind of food they want, in the quantities they want. . . . We are just trying...

Rules More Important Than Personalities

Not that many complimentary things are said about politicians. When a problem arises, people say, “Government ought to do something.” They seem to have forgotten that it’s the politicians who are running the government. Many think things can be...

Reinstating the Military Draft

Congressman Charles Rangel plans to introduce legislation calling for reinstatement of the military draft. He says, “There’s no question in my mind that this president and this administration would never have invaded Iraq, especially on the flimsy evidence...

Airport Security and Racial Profiling

Charges of racial, religious and ethnic profiling swirl in the wake of US Airways’ removal of six imams. According to police reports, the men made anti-American statements, were praying and chanting “Allah,” refused the pilot’s requests to...

The FairTax Book

Last year, talk-show host Neal Boortz and Congressman John Linder co-authored “The FairTax Book: Saying Goodbye to the Income Tax and the IRS.” It turned out to be a No. 1 New York Times Best Seller. In 2005, the Fair Tax bill was introduced in both the...

Should America Copy Modern Europe?

Some Americans look to European countries such as France, Germany and its Scandinavian neighbors and suggest that we adopt some of their economic policies. I agree, we should look at Europe for the lessons they can teach us. Dr. Daniel Mitchell, research fellow at the...

Racial Diversity at the Expense of Intellectual Diversity

There are some ideas so ludicrous and mischievous that only an academic would take them seriously. One of them is diversity. Think about it. Are you for or against diversity? When’s the last time you said to yourself, “I’d better have a little more...

What Everyone Should Know About Wealth and Prosperity

Professors James Gwartney (Florida State University), Richard Stroup (Montana State University) and Dwight Lee (Georgia University), three longtime colleagues of mine, have recently published “Common Sense Economics.” It’s a small book, less than 200...

“Black Progress” Through Politics?

Blacks and Hispanics, especially blacks, are the most politically loyal people in the nation. It’s often preached and taken as gospel that the only way black people can progress is through racial politics and government programs, but how true is that?...

Trade Deficits and Exporting Jobs: Why Trade At All?

There are only a handful of products that Americans import that cannot be produced at home and therefore create jobs for Americans. Let’s look at a few of them. We import cocoa from Ghana and coffee from African and Latin American countries. We import saffron...

Foreign Trade Angst

Patrick Buchanan’s recent syndicated column titled “New Deal for U.S. Manufacturers” stokes the fires of misunderstanding and panic. Mr. Buchanan, my longtime friend, is right about a lot of things, but he’s wrong about trade. First, he...

Economic Inequality: Process and Results

Democrats plan to trumpet the income and wealth gap for political gain in this year’s elections. According to The Wall Street Journal article “Democrats’ Risky Strategy,” Democratic candidates blame Republicans for economic inequality. This...

Discrimination, Prejudice and Preferences

My previous columns have attempted to reduce confusion by suggesting operational definitions of discrimination and prejudice. Discrimination was defined as the act of choice, and prejudice was the act of decision-making on the basis of incomplete information. Good...

Discrimination or Prejudice

In recent weeks, I’ve offered operational definitions for some of the terms used in the discussion of race. The first was discrimination, which can be broadly defined as the act of choice. When one selects one activity, good or person, of necessity he must...

Constitution Day

Each year since 2004, on Sept. 17, we commemorate the 1787 signing of the U.S. Constitution by 39 American statesmen. The legislation creating Constitution Day was fathered by Sen. Robert Byrd and requires federal agencies and federally funded schools, including...

What is Discrimination?

There’s so much confusion and emotionalism about discrimination that I thought I’d take a stab at a dispassionate analysis. Discrimination is simply the act of choice. When we choose Bordeaux wine, we discriminate against Burgundy wine. When I married Mrs....

Will The West Defend Itself?

Does the United States have the power to eliminate terrorists and the states that support them? In terms of capacity, as opposed to will, the answer is a clear yes. Think about it. Currently, the U.S. has an arsenal of 18 Ohio class submarines. Just one submarine is...

Are Academic Elites Communists?

Grove City College publishes an excellent newsletter titled “Visions and Values.” Its July 2006 edition features an interview with Dr. Richard Pipes, acclaimed Russian historian and Harvard University professor of Sovietology. The interview was conducted...

The Minimum Wage Vision

The Minimum Wage Vision

There are decent people, without a selfish hidden agenda, who support increases in minimum wages as a means to help low-skilled workers, and there are other decent people, with the identical goal, who strongly oppose increases in the minimum wage. So the question is:...

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