Wednesday, July 11, 2012

Walter Williams, Some Economic Common Sense

Difficult Economics Lessons - Walter E. Williams - Page 2:

Excellent article from Williams. Between him and Thomas Sowell, I'm a bit prejudiced in favor of Black Economists.

I loved the following quote. One problem with the fuzzy thinking of liberalism is that they provide very little logic that is invertible (ie. if this is a "good idea", why doesn't it work both ways?) or universal -- "if campaign finance restrictions are important, why wasn't it an issue when BO broke all records in '08?" or "If Gitmo was so horrible, why isn't it still an issue since it is four years later and it is still open?".

 "But what is equal opportunity, and how could you tell whether it existed? I've asked students whether upon college completion they will give every employer an equal opportunity to hire them. Most often, with a puzzled look on their faces, they answer no. Then I ask, "If you are not going to give every employer an equal opportunity to hire you, why should employers be forced to give you an equal opportunity to be hired?""

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