My guest today is Walter Williams, an American economist, commentator, and academic. He is the John M. Olin Distinguished Professor of Economics at George Mason University, as well as a syndicated columnist and author known for his libertarian views.
The topics are liberty and economics.
In this episode of Trend Following Radio we discuss:
- Why Williams calls himself a radical
- The morality of markets
- The welfare state and bailouts
- How Williams didn’t “think poor” growing up
- The nefarious aspect of minimum wage
- How Williams stayed positive and avoided bitterness despite opposition
- Malcolm X. and Martin Luther King, Jr.
- Why there’s no poverty in the United States
- How Williams felt about the Fall of 2008 and the bailouts that took place
- How we got to the point where people want to trust the state so much
- How Williams has developed a thick skin to deal with the criticism of his radical nature
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“How does something immoral, when done privately, become moral when it is done collectively? Furthermore, does legality establish morality? Slavery was legal; apartheid is legal; Stalinist, Nazi, and Maoist purges were legal. Clearly, the fact of legality does not justify these crimes. Legality, alone, cannot be the talisman of moral people.”
