Embed Doc
Copy Link
Readcast
Collections

CommentGo Back

Download

WALTER WILLIAMS

is the John M. Olin distinguished professor of economicsat George Mason University. He holds a B.A. from California StateUniversity at Los Angeles and an M.A. and a Ph.D. in economicsfrom UCLA. He has received numerous fellowships and awards,including a Hoover Institution National Fellowship and the Valley Forge Freedoms Foundation George Washington Medal of Honor.A nationally syndicated columnist, his articles and essays haveappeared in publications such as

Economic Inquiry

AmericanEconomic Review

National Review

Reader’s Digest

Policy Review

and

Newsweek

. Dr. Williams has authored six books, including

The State Against Blacks

(later made into a PBS documentary entitled

Good Intentions

) and

Liberty Versus the Tyranny of Socialism

Imprimis

OVER 1,800,000 READERS MONTHLY

September 2009 • Volume 38, Number 9

Future Prospects forEconomic Liberty

Walter Williams

Professor of Economics, George Mason University

The following is adapted from a lecture delivered on August 2, 2009, during a HillsdaleCollege cruise from Venice to Athens aboard the Crystal Serenity.

One of

 jf f  m w f m   20 w  21 , f y  w m  y  f f  ,     pm w  m f  f  j. B   p  m fm q: W   m  f m   f y? T  w Am’ F w q, w  y  k    k y  — C. M f w y   m pw f  f m  m A 1, S 8. C  z    21 ,   m -q f w C x   p  my f y  w  f   . T  j  fw xmp,     y f C  z fm,   k,  m  mp. I , I k w  fy y  Am  p fm  

HILLSDALE.EDU

A PUBLICATION OF HILLSDALE COLLEGE

HILLSDALE COLLEGE: PURSUING TRUTH • DEFENDING LIBERTY SINCE 1844

pp f m m m    pp.O    f   fmm m   -y. T F  pppy   wk f fm f Am,   p k. Bfw   f f k p ppy  f p—   y 20 y  pk p m   NwD,  G Sy,   y— m y  F    C    pp.Tm Jff p  w , “T  p f  f y  y  m  .”T   x  w y  y  m  ,   mpy k  w pp  x  p. A x,f , p m m p ppy.Ey x fp ppy   w fy p fy . A m m, y   f m p- m x , ww    f.W   m,   Amw wk fmJy 1  My 5  py  f,,   xq f m p. T  ff m   f     wy p y . TF f f mk  mxmz  fm f  z  p f   f -. Exp m, y ,  fm  p f   f . Ty w   w F Hyk    fm,  w I p-f      yy.A I ,  C  f m   f-. W  y? T m f-m    p f z’. Tf,  f m f- f  m   p f f  f m f p  m  m. T   -m p  ( w m m) y q   zpy    x. B  wpp’ ,     f f m  p pp’ y  w— m y ppy . Sw I m  y w  py  x, I m y-  y  m w—y w , f m  y  C w  f mkym  f.A   mp mm wmk  f mkwk. I    w     f? D pp Nw Yk jy fk f   f    Tx   mkNw Yk ppy?Of  . I    f Tx  p k. Ty fm  fm y  .T   k f

−´Imprimis

(im-pri-mis),[Latin]: in the first place

EDITOR

Douglas A. Jeffrey

DEPUTY EDITOR

Timothy W. Caspar

COPY EDITOR

Monica VanDerWeide

ART DIRECTOR

Angela Lashaway

PRODUCTION MANAGER

Lucinda Grimm

CIRCULATION MANAGER

Patricia A. DuBois

STAFF ASSISTANTS

Kim Ellsworth

Wanda Oxenger

Mary Jo Von Ewegen

Imprimis

are not necessarily the viewsof Hillsdale College.Permission to reprint in whole or in part is hereby granted, providedthe following credit line is used:“Reprinted by permission from

Imprimis

,a publication of Hillsdale College.”

SUBSCRIPTION FREE UPON REQUEST.

ISSN 0277-8432

Imprimis

trademark registered in U.S.Patent and Trade Ofce #1563325.

SEPTEMBER 2009 • VOLUME 38, NUMBER 9

hillsdale.edu

 f-  y Am Sm  

Wealth of Nations

, w         y p p .T m pp xp wy I k  f my ppy   -m w. I xp  w wy   f   x wk   ppy w   f  ppy  p        p . Ixp,  , wy f p  ppy.Iy,  f mk ym  y   f  f-,   f  . Cpm   w  m  - pm f mk—,p,  ,  py—  m pm m  p. S   m f q-z m,  x   -,    m, p m,  - y—j  m  fw pm-  f  m y— y  m f y  y .Im w w pp f I w   C  fm mm ,  I m fy pf k  f my w m, I pfy q  y p k my  f my pykf S Sy. S   w  w mp. B   y ff w  f  f m   f  f   f my ’  f y  p ? N w-. Y f m  f              z  p- f q   .W   y    yy, f . N   mm. B  f p, w m  , w    w -y k  . T pp DHm   y  m   ,    y . O  my   L R   p, k y fm Am  kk  f: I ’   qky   f w f   p. B p  f   w   wy,  y  m  fp  , ’  .A,  pmy jf f  z   f -m   xp f y  m   w  p-  . B m   f  w w w   .Cm   ’   w pk  py f  -m pm. Ty   y m. A S C   fy,  y wy m   Am     mf       y k fm m  Am y f. If  p p   m , m w m  m, w       f.T  wy I k   w C, m f  , “ f.”T q w   k  w    m  f fy k  f ppy f  p      wm   . I  k f . Cy     w   -  y w pk. B  m ’ pk  w.I  f y, w w  mjy, f  , f  -p   y. I k  xp y x   k f -m . B p  x f    m .Em    p m .F xmp, f I ff my    f   f mk, mp  ff   w w   w-. T    ff       m  

An audio versionof

Imprimis

is available online athillsdale.edu/imprimis