Walter E. Williams on the Economics of Liberty

Walter E. Williams makes more sense than most people when it comes to commentary on economics. Williams, John M. Olin Distinguished Professor of Economics at George Mason University, offers insights here such as:

• "Income redistribution is simply a legal form of what a thief does. That is, when a thief robs you, he redistributes income - from you, to him."
• Quoting James Madison, widely acknowledged as the Father of the US Constitution: "I cannot undertake to lay my finger on that article in the Constitution that authorizes Congress to spend the money of their constituents for the purposes of benevolence."

This clip includes excerpts from Williams' speech "The Entrepreneur As American Hero," presented in 2008. But because Williams speaks about timeless principles of economics and human behavior, his remarks are as applicable today as they were when he first presented them.