June 06, 2007
Today's Must-Read: Walter Williams
Walter Williams, along with Thomas Sowell, are two of the brightest and most thoughtful minds in America today. In Williams' column on Town Hall today, he picks up on a theme of recent articles by Thomas Sowell about the "war of words" and parlays it into a simple lesson on economics.
Liberals often denounce free markets as immoral. The reality is exactly the opposite. Free markets, characterized by peaceable, voluntary exchange, with respect for property rights and the rule of law, are more moral than any other system of resource allocation. Let's examine just one reason for the superior morality of free markets.
Read it all.
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