Walter E. Williams Quotes About Free Market

• One of the wonderful things about free markets is that the path to greater wealth comes not from looting, plundering and enslaving one's fellow man, as it has throughout most of human history, but by serving and pleasing him.

  Walter E. Williams

  Men, Fellow Man, Path

• People who denounce the free market and voluntary exchange, and are for control and coercion, believe they have more intelligence and superior wisdom to the masses. What's more, they believe they've been ordained to forcibly impose that wisdom on the rest of us. Of course, they have what they consider good reasons for doing so, but every tyrant that has ever existed has had what he believed were good reasons for restricting the liberty of others.

  Walter E. Williams

  Believe, Tyrants, People

  Walter E. Williams (2013). “Liberty Versus the Tyranny of Socialism: Controversial Essays”, p.140, Hoover Press

• Profit is vital to human well-being. Profit is the payment to entrepreneurs just as wages are payments to labor, interest to capital and rent to land. In order to earn profits in free markets, entrepreneurs must identify and satisfy human wants and do so in a way that economizes on society's scarce resources.

  Walter E. Williams

  Order, Land, Entrepreneur

  Walter E. Williams (2015). “American Contempt for Liberty”, p.351, Hoover Institution Press

• Digamos que el Congreso legisla un control del precio de la gasolina que fija un precio máximo de 1 dólar el galón. Tan seguro como que la noche sigue al día, habría largas colas y escasez de gasolina, igual que en los años setenta. Para el consumidor medio, un precio de venta de 1,60 $ por galón y sin colas de espera es muchísimo más barato que un precio controlado de 1 $ por galón más la búsqueda de una gasolinera que tenga gasolina y luego hacer cola. Si su compra media es de 10 galones, y si una hora de su tiempo vale más de 6 dólares, el precio de mercado libre de 1,60 dólares por galón es más barato.

  Walter E. Williams

  Night, Sight, Average

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