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.

Thomas Sowell’s New Book: Charter Schools and Their Enemies

The education establishment, having the nation’s most powerful labor union, has the ears of political leaders. They see a huge loss potential if more parents are able to opt out of poorly achieving public schools.

Income Equality

Last month, the U.S. Bureau of the Census reported its findings on income and poverty. Median real income remained constant between 2002 and 2003 at $43,000; the official poverty rate rose slightly from 12.1 percent to 12.5 percent for a total of 36 million Americans;...

The Power of the Rich

The truly rich don't deserve all the political hype we hear; they're only a tiny percentage of our population and not that important. According to recent U.S. Treasury statistics, the top 1 percent of income earners have an adjusted gross income that starts around...

The Appeasement Disease

President Bush's foreign-policy critics at home and abroad share characteristics and visions that have previously led to worldwide chaos and untold loss of lives. These people believe that negotiation, appeasement and caving in to the demands of vicious totalitarian...

Do We Want Socialized Medicine?

Problems with our health care system are leading some to fall prey to proposals calling for a nationalized single-payer health care system like Canada's or Britain's. There are a few things that we might take into consideration before falling for these proposals....

The Real Price of a Free Lunch

Economic ignorance allows us to fall easy prey to political charlatans and demagogues, so how about a little Economics 101? How many times have we heard "free tuition," "free health care," and free you-name-it? If a particular good or service is truly free, we can...

Conservatives, Liberals, and Blacks

During the first Reagan administration, I participated in a number of press conferences on either a book or article I'd written or as a panelist in a discussion of White House public policy. On occasion, when the question-and-answer session began, I'd tell the press,...

Socialism is Evil

What is socialism? We miss the boat if we say it's the agenda of left-wingers and Democrats. According to Marxist doctrine, socialism is a stage of society between capitalism and communism where private ownership and control over property are eliminated. The essence...

Free Health Care in Canada

Let's start out by not quibbling with America's socialists' false claim that health-care service is a human right that people should have regardless of whether they can pay for it or not and that it should be free. Before we buy into this socialist agenda, we might...

The COS Again

Bill Cosby rattled the cages again a fortnight ago in his address before Jesse Jackson's 33rd Annual Rainbow/PUSH Coalition conference in Chicago. Let's look at some of his remarks. Cosby told the audience that being poor had a different meaning to older generations...

Silent Spring: RIP 2004

Ever since Rachel Carson's 1962 book "Silent Spring," environmental extremists have sought to ban all DDT use. Using phony studies from the Environmental Defense Fund and the Natural Resources Defense Council, the environmental activist-controlled Environmental...

An Explanation for Third World Poverty

Did you learn that the United States is rich because we have bountiful natural resources? That has to be nonsense. Africa and South America are probably the richest continents in natural resources but are home to the world's most miserably poor people. On the other...

Three Cheers for Bill Cosby, Part II

Bill Cosby's May 17 remarks at a Washington, D.C., gathering commemorating the 50th anniversary of the Brown vs. Board of Education Supreme Court decision continues to draw controversy and debate. That's good. Some of the debate highlights a point made by my colleague...

Three Cheers for Bill Cosby

May 17 saw several gatherings commemorating the 50th anniversary of the 1954 U.S. Supreme Court school desegregation decision in Brown vs. Board of Education. But the event held in Washington, D.C.'s Constitution Hall will be the one to be remembered because of Bill...

Managing the Education Disaster

Imagine you're a head physician faced with a large-scale disaster such as the Sept. 11 attack on the World Trade Center, the Oklahoma City bombing or battlefield casualties. The first thing that must be acknowledged is that you have limited resources. That means...

Educational Ineptitude Revisited

Several weeks ago, my column on teacher ineptitude was about the sorry state of teacher quality and concluded that while teacher ineptitude is neither flattering nor comfortable to confront, confront it we must if we're to do anything about our sorry state of...

The Economics of the Military Draft

Last year, Sen. Fritz Hollings (D-S.C.) and Rep. Charles Rangel (D-N.Y.) introduced bills calling for reinstatement of the military draft. A far more descriptive term for the military draft is government confiscation of labor services, but keeping with the spirit of...

Poor Education Prognosis

Drs. Abigail and Stephan Thernstrom's new book "No Excuses: Closing the Racial Gap in Learning" shows that the government education whites receive is nothing to write home about, but for blacks, it's no less than a disgraceful disaster. According to National...

Racial Profiling

What is racial profiling, and is it racist? We can think of profiling as using cheap-to-observe characteristics as indicators or proxies for more-costly-to-observe characteristics. A person's physical characteristics, such as race, sex and height, are cheap to...

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