"Say that Congress legislates gasoline price controls that……" — Walter E. Williams
"Say that Congress legislates gasoline price controls that sets a maximum price of $1 a gallon. As sure as night follows day, there'd be long lines and gasoline shortages, just as there were in the 1970s. For the average consumer, a $1.60 a gallon selling price and no waiting lines is a darn sight cheaper than a controlled $1 a gallon price plus searching for a gasoline station that has gas and then waiting in line. If your average purchase is 10 gallons, and if an hour or so of your time is worth more that $6, the $1.60 a gallon free market price is cheaper."
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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.
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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…
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