Walter E Williams - 'Morality of the Stimulus'

[bjarnet3]

Walter Williams is awesome! RP 2012!!

[enduro0276]

Awsome, I love Walter Williams. I think a Ron Paul Walter Williams combo would be great!

[jamo387]

People used to give large portions of their income to private charities. Hospitals for the poor were run by charities and churches. Big government put many of these out of business or corrupted them to the point of absurdity.

[macdogq]

Have anyone notice the leftists will emmedietly called these individuals "uncle" just because they are great thinkers, and conservatives.

[elennon720]

@JoeyFudd, if you really think that all of your taxes go to 'freeloaders'. What about that $1 trillion dollar war? In 2008, the US accounted for 48% of the worlds military spending. Do you think your taxes would be so high if we didn't spend so much just to kill other people?

[stater68]

two-thirds of the federal budget goes to benevolence. The only thing the feds should spend money on is defense

[bravo0105]

Once again it's the People's Economist, the great Dr. Walter E. Williams, turning back the frontiers of ignorance while guest hosting for Rush Limbaugh!

[JoeyFudd]

He has trouble getting to the point, goes on tangents, and wastes words too much for my liking. He finally made the case around time 3:16. But did not mention that if I work 40 hours/week to make $2,000, and the government taxes me at 55% -- including state, federal, sales and gas tax -- then they have taken my time. Involuntary servitude. I have to work Mon, Tu, and til 3pm on Wed., every week for them! They take my time and money and misspend it. That's immoral, to reward freeloaders.

[stealthswimmer]

So it's not immoral if they give the money to people who aren't freeloaders? I disagree there. It's still immoral cus they're still stealing your money.

;-)

[Nintendomanwill]

It's not so much that it's immoral but that it's economically retarded & serves lobbying interests who want to enforce current demand for their goods not to allow a consumer sovereignty. When we conflate economic growth with current demand for final goods we may as well stop saving and live on subsistence. Fiscal Stimulus makes no economic sense whatsoever. It ignores people's differing marginal utilities & time preference for future consumption & limits growth for present consumption. Tyranny.

[stealthswimmer]

@Nintendomanwill

that it's immoral or not is subjective. Also "economically retarded" is value-laden. A value-free statement (here I'm using "value" to mean "moral judgment" or "moral value") would be something like "fiscal stimulus is inefficient, doesn't actually stimulate the economy as a whole, and often stimulates production of goods that people don't actually want at the prices they're produced at"

[TravisBickle2]

The fact that you equate 40 hrs with $2000.00 tells me all I need to know about you.

[KiddGalaxxy]

Simple and well put. And this is the hole that we have been digging since the 1930's. We can correct this, but it going to take new leadership... {Not Obama!} And reeducation about how wealth is produced. The brilliance of Walter Williams

[Betty5150]

Is Thomas a monetarist?

[Weeth]

i think hes chicago school

[am60mo]

Simply put and to the fundamental point. Simple enough, even a liberal could understand it.

[phantomcharger]

We cant even get rid of Charlie Rangel, how does anyone think the fed could stimulate anything except disgust.

[oli1233]

Has anyone read his books ? Which one is the best to start with ?

[kjakobsen]

I'm not even american, and i love Walter Williams.

[yammyspeed13]

You don't have to live here to be.

[NivoUF]

People are so wrong thinking that when somethingis legal its automaticlly moral.

[ForABetterTomorrow]

People think that morality somehow comes floating down from the sky as soon as you're dealing with majorities.

[TheKuffarKid]

Would I be too much of a nerd if i said I have a favorite economist and his name is Walter Williams?

[ForABetterTomorrow]

Unfortunately you would be a respectable person, not a nerd :>

Also check out Thomas Sowell and Ayn Rand!

[TheLiberalssuckdick]

Printing money by the FED = Legal

Printing money in your Basement = Illegal

[Nintendomanwill]

Bankers want to print money so they can control investment by distorting prices. Bankers know that this delusion of the price system to stop it translating actual relative scarcities between sectors, deludes their investment as well as to the state of market demand for whatever sector. They therefore need a cartel of bailout banks to remove 100% of the risk from their necessarily MALinvestment so investors take stipulation power from lenders (depositors).

Bailouts=theft to enable zero risk.