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Williams: Embarrassing economists

By Walter E. Williams So as to give some perspective, I’m going to ask readers for their guesses about human behavior before explaining my embarrassment by some of my fellow economists. Suppose the prices of ladies jewelry rose by 100 percent. What would you predict would happen to sales? What about a 25 or 50 […]

Williams: Officially killing Americans

By Walter E. Williams | The Food and Drug Administration can make two types of errors. It can approve a drug that has dangerous unanticipated side effects, or it can reject or delay approval of a drug that is safe and effective. Let’s look at these errors, because to err on the side of under- […]

Williams: Teacher indoctrination

By Walter E. Williams Students at several Jefferson County, Colorado, high schools walked out to protest the school board’s recently proposed curriculum review committee that seeks to promote patriotism, respect for authority, free enterprise, plus the positive aspects of U.S. history. The teachers union, whose members forced two high schools to close by calling in […]

Williams: Will the West defend itself?

By Walter E. Williams The Islamic State of Iraq and the Levant (ISIL), sometimes called ISIS or IS, is a Sunni extremist group that follows al-Qaida’s anti-West ideology and sees a holy war against the West as a religious duty. With regard to nonbelievers, the Quran commands, “And kill them wherever you find them, and […]

Williams: Do statistical disparities mean injustice?

By Walter E. Williams How many times have we heard laments such as “women are 50 percent of the population but only 5 percent of Fortune 500 CEOs” and, as the Justice Department recently found, “blacks are 54 percent of the population in Newark, New Jersey, but 85 percent of pedestrian stops and 79 percent […]

Williams: Multiculturalism is a failure

By Walter Williams German Chancellor Angela Merkel declared that in Germany, multiculturalism has “utterly failed.” Both Australia’s ex-prime minister John Howard and Spain’s ex-prime minister Jose Maria Aznar reached the same conclusion about multiculturalism in their countries. British Prime Minister David Cameron has warned that multiculturalism is fostering extremist ideology and directly contributing to homegrown […]

Williams: Favors and loot for sale

By Walter E. Williams | At a July fundraising event in Chicago, Mrs. Michelle Obama remarked, “So, yeah, there’s too much money in politics. There’s (sic) special interests that have too much influence.” Sen. John McCain has been complaining for years that “there is too much money washing around political campaigns today.” According to a […]

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