"Profit is vital to human well-being. Profit is……" — Walter E. Williams
"Profit is vital to human well-being. Profit is the payment to entrepreneurs just as wages are payments to labor, interest to capital and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants and do so in a way that economizes on society's scarce resources."
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Walter E. Williams
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80 Quotes by Walter E. Williams
Walter E. Williams has 80 quotes on this site.
A few more worth reading:
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Minimum-wage laws are one of the most powerful tools in the arsenal of racists.
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Three-fifths to two-thirds of the federal budget consists of taking property from one American and giving it to another. Were…
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Government is necessary, but the only rights we can delegate to government are the ones we possess. For example, we…
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Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.
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The true test of one's commitment to liberty and private property rights doesn't come when we permit people to be…
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Communism and socialism is [sic] seductive. It promises us that people will contribute according to ability and receive according to…
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Try this thought experiment. Pretend you're a tyrant. Among your many liberty-destroying objectives are extermination of blacks, Jews and Catholics.…
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In a free society, government has the responsibility of protecting us from others, but not from ourselves.
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Nothing in our Constitution suggests that government is a grantor of rights. Instead, government is a protector of rights.
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How you make it in this world, for the most part, depends more on what you do as opposed to…
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What we call the market is really a democratic process involving millions, and in some markets billions, of people making…
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However, if we wish to be compassionate with our fellow man, we must learn to engage in dispassionate analysis. In…
See all 80 quotes by Walter E. Williams »
More Capital Quotes
This quote is filed under Capital Quotes,
one of 1,029 quotes in that category. Here are a few more:
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It takes more than capital to swing business. You've got to have the A. I. D. degree to get by…
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Lebanon was under Israeli occupation, up to its capital, but we did not consider that a disaster. Why? Because it…
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One of the factors a country's economy depends on is human capital. If you don't provide women with adequate access…
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I'd like to give zero out capital gains tax and zero out the dividends tax, zero out alternative minimum tax,…
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The life of a man who deliberately runs through his fortune often becomes a business speculation; his friends, his pleasures,…
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Politeness and civility are the best capital ever invested in business. Large stores, gilt signs, flaming advertisements, will all prove…
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There exists, between people in love, a kind of capital held by each. This is not just a stock of…
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I've always defined myself not as a cartoonist , but as an entrepreneur. That was true before I tried cartooning.…
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Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity, and correspondingly stronger returns on invested capital.
— Jeff Bezos
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No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether…
— Joe Biden
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Over the objections, where they sound like squealing pigs, over the objections of Romney and all his allies, we passed…
— Joe Biden
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We will rebuild, renew and remain the capital of the free world.
— Michael Bloomberg
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