Robert Street

“Believing that presidents have taxing and spending powers leaves Congress less politically accountable for our deepening economic quagmire. Of course, if you’re a congressman, not being held accountable is what you want.”
― Walter E. Williams, American Contempt for Liberty

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. (Quoting Adam Smith)”
― Walter E. Williams, American Contempt for Liberty

“Social Security is unsustainable because it is not meeting the first order condition of a Ponzi scheme, namely expanding the pool of suckers.”
― Walter E. Williams, American Contempt for Liberty

“Employer substitution of higher-skilled for lower-skilled workers is not the only effect of the minimum wage law. It also gives employers an economic incentive to make other changes: substitute machines for labor; change production techniques; relocate overseas; and eliminate certain jobs altogether. The substitution of automatic dishwashers for hand washing, and automatic tomato-picking machines for manual pickers, are examples of the substitution of machines for labor in response to higher wages.”
― Walter E. Williams, Race & Economics: How Much Can Be Blamed on Discrimination?