Quotes by E. Walter Walters

“The recognition of the fact that Congress has no resources of its own forces us to acknowledge that the only way Congress can give one American one dollar is to first, through intimidation, threats, and coercion, confiscate that dollar from some other American. If a private citizen did the same thing that Congress does, we would call it an immoral act”

“French economist/philosopher Frederic Bastiat (1801–50) gave a test for immoral government acts: “See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime.””

“Temperance: Eat not to dullness; drink not to elevation. Silence: Speak not but what may benefit others or yourself; avoid trifling conversation. Order: Let all your things have their places; let each part of your business have its time. Resolution: Resolve to perform what you ought; perform without fail what you resolve. Frugality: Make no expense but to do good to others or yourself; (i.e., waste nothing). Industry: Lose no time; be always employed in something useful; cut off all unnecessary actions. Sincerity: Use no hurtful deceit; think innocently and justly, and, if you speak, speak accordingly. Justice: Wrong none by doing injuries, or omitting the benefits that are your duty. Moderation: Avoid extremes; forbear resenting injuries so much as you think they deserve. Cleanliness: Tolerate no uncleanliness in body, clothes, or habitation. Tranquility: Be not disturbed at trifles, or at accidents common or unavoidable. Chastity: Rarely use venery but for health or offspring, never to dullness, weakness, or the injury of your own or another’s peace or reputation.””

“Philosopher Johann Wolfgang von Goethe explained that “no one is as hopelessly enslaved as the person who thinks he’s free.” That’s becoming an apt description for Americans who are oblivious to”

“There are many farm handouts; but let's call them what they really are: a form of legalized theft. Essentially, a congressman tells his farm constituency, "Vote for me. I'll use my office to take another American's money and give it to you.””

“Some say it's wrong to profit from the misfortune of others. I ask my students whether they'd support a law against doing so. But I caution them with some examples. An orthopedist profits from your misfortune of having broken your leg skiing. When there's news of a pending ice storm, I doubt whether it saddens the hearts of those in the collision repair business. I also tell my students that I profit from their misfortune”

“Quanto mais perto os homens chegavam de se proporcionar a si mesmos um paraíso perfeito, mais impacientes pareciam se tornar com ele - e consigo também"."Sic transit mundus".””

“Los conocimientos que Francis recibió en la abadía no le habían preparado para nada que tuviese un valor práctico en el mundo oscuro e ignorante de todos los días; donde la cultura no existía y un joven educado, además, no tenía valor para una comunidad, a menos que supiese cultivar la tierra, pelear, cazar o mostrase algún talento especial para el latrocinio intertribal o para el descubrimiento de aguas subterráneas o metales maleables.””

“Social Security is unsustainable because it is not meeting the first order condition of a Ponzi scheme, namely expanding the pool of suckers.””

“Believing that presidents have taxing and spending powers leaves Congress less politically accountable for our deepening economic quagmire. Of course, if you’re a congressman, not being held accountable is what you want.””

“Employer substitution of higher-skilled for lower-skilled workers is not the only effect of the minimum wage law. It also gives employers an economic incentive to make other changes: substitute machines for labor; change production techniques; relocate overseas; and eliminate certain jobs altogether. The substitution of automatic dishwashers for hand washing, and automatic tomato-picking machines for manual pickers, are examples of the substitution of machines for labor in response to higher wages.””

“The real problem is that workers are not so much underpaid as they are under-skilled. And the real task is to help those people become skilled. Congress cannot do this simply by declaring that as of such-and-such a date, everybody’s productive output is now worth $7.25 per hour. This makes about as much sense, and does just about as much harm, as doctors “curing” patients simply by declaring that they are cured.””

“The law-abiding black citizen who is passed up by a taxi, refused pizza delivery, or stopped by the police can rightfully feel a sense of injustice and resentment. But the bulk of those feelings should be directed at those who have made race synonymous with higher rates of criminal activity rather than the taxi driver or pizza deliverer who is trying to earn a living and avoid being a crime victim.””