Walter E. Williams

Posted October 22, 2014

So as to give some perspective, I'm going to ask readers for their guesses about human behavior before explaining my embarrassment by some of my fellow economists.

Posted October 15, 2014

The Food and Drug Administration can make two types of errors. It can approve a drug that has dangerous unanticipated side effects, or it can reject or delay approval of a drug that is safe and effective. Let's look at these errors, because to err on the side of under- or over-caution is costly.

Posted October 08, 2014

This kind of anti-American teaching might help explain why some Americans have joined the Islamic State of Iraq and the Levant.

Posted October 01, 2014

The Islamic State of Iraq and the Levant (ISIL), sometimes called ISIS or IS, is a Sunni extremist group that follows al-Qaida's anti-West ideology and sees a holy war against the West as a religious duty.

Posted September 24, 2014

How many times have we heard laments such as "women are 50 percent of the population but only 5 percent of Fortune 500 CEOs" and, as the Justice Department recently found, "blacks are 54 percent of the population in Newark, New Jersey, but 85 percent of pedestrian stops and 79 percent of arrests"?

Posted September 17, 2014

German Chancellor Angela Merkel declared that in Germany, multiculturalism has "utterly failed."

Posted September 10, 2014

At a July fundraising event in Chicago, Mrs. Michelle Obama remarked, "So, yeah, there's too much money in politics. There's (sic) special interests that have too much influence." Sen. John McCain has been complaining for years that "there is too much money washing around political campaigns today." According to a 2012 Reuters poll, "Seventy-five percent of Americans feel there is too much money in politics." Let's think about money in politics, but first a few facts.

Posted September 03, 2014

There are things that really puzzle me. Some life insurance companies charge lower premiums if you haven't made a life-shortening lifestyle choice. Being a nonsmoker is one of them. Actuarially, that makes sense because the life expectancy for smokers is at least 10 years shorter than for nonsmokers.

Posted August 27, 2014

Though racial discrimination exists, it is nowhere near the barrier it once was. The relevant question is: How much of what we see today can be explained by racial discrimination?

Posted August 20, 2014

According to College Board, average tuition and fees for the 2013-14 school year totaled $30,094 at private colleges, $8,893 for in-state residents at public colleges and $22,203 for out-of-state residents.

Posted August 13, 2014

Fox News correspondent Geraldo Rivera accused Matt Drudge's website of "the worst kind of jingoistic rhetoric ever" for carrying news stories about the dangers of illegal immigration. He said Drudge "is doing his best to stir up a civil war. I mean, shame on Matt Drudge."

Posted August 06, 2014

Gen. William T. Sherman told the 1879 graduating class of the Michigan Military Academy, "War is hell." There's no nice war, and that's why war should be a last alternative.

Posted July 30, 2014

Riley points out that there has been significant achievement among the black middle class but that wide black-white gaps remain with respect to income, educational achievement, unemployment, labor force participation, incarceration rates and other measures.

Posted July 23, 2014

There are some areas of black life in which excellence can be found without the slightest hint of racial preferences. Young blacks dominate basketball, football and some track-and-field events despite the fact that there has been a history of gross racial discrimination in those activities. Blacks are also prominent in several areas of the entertainment industry. Those observations mean that racial discrimination alone is not an insurmountable barrier to success.

Posted July 16, 2014

The U.S. Justice Department's Bureau of Justice Statistics reports that 2012 losses because of personal identity theft totaled ?$24.7 billion.

Posted July 09, 2014

During last year's budget negotiation meetings, President Barack Obama told House Speaker John Boehner, "We don't have a spending problem." When Boehner responded with "But, Mr. President, we have a very serious spending problem," Obama replied, "I'm getting tired of hearing you say that."

Posted July 02, 2014

There has never been a purely free market economic system, just as there has never been a purely communist system. However, we can rank economies and see whether ones that are closer to the free market end of the economic spectrum are better or worse than ones that are closer to the communist end. Let's try it.

Posted June 25, 2014

Many view America's education as a failure, but in at least one important way, it's been a success -- a success in dumbing down the nation so that we fall easy prey to charlatans, hustlers and quacks.

Posted June 18, 2014

Calls for slavery reparations have returned with the publication of Ta-Nehisi Coates' "The Case for Reparations" in The Atlantic magazine (May 21, 2014). In making his argument, Coates goes through the horrors of slavery, Reconstruction, Jim Crow and gross racial discrimination.

Posted June 11, 2014

Darcy Olsen, president of the Arizona-based Goldwater Institute, and Richard Garr, president of Neuralstem, a biotech company, wrote "Right to Try experimental drugs" in USA Today (5/28/2014).