Posts tagged with: Walter Williams

Blog author: jcarter
posted by on Tuesday, November 13, 2012

In this entertaining video Walter Williams, Professor of Economics at George Mason University, explains why¬†the free market is morally superior to other economic systems. My favorite part comes near the beginning when Williams explains that money is a form of “certificate of performance” that serves as proof of having served our neighbors.

How do potatoes from Idaho end up in supermarkets in New York City? As economist Walter Williams explains, its because of the power of the profit motive.