Acton Institute Powerblog Archives

Post Tagged 'Walter E. Williams'

Ten Quotes from economist Walter E. Williams

On this day in 1936, Walter E. Williams was born in the city of Philadelphia. The George Mason University economist is famous for his classical liberal views, often arguing that free market capitalism is not only the most moral economic system known to mankind, but it allows for the creation of the most wealth and prosperity. Continue Reading...

We Don’t Have a Poverty Problem, We Have a Dependency Problem

“There is no material poverty in the U.S.,” says the always-provocative Walter E. Williams. “What we have in our nation are dependency and poverty of the spirit, with people making unwise choices and leading pathological lives aided and abetted by the welfare state.” The Census Bureau pegs the poverty rate among blacks at 35 percent and among whites at 13 percent. Continue Reading...

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