Let's look at the political angst over trade deficits. A trade deficit is when people in one country buy more from another country than the other country's people buy from them. There cannot be a trade deficit in a true economic sense. Let's examine this.
Walter E. Williams is a professor of economics at
March 22, 2016, 10:49 AM EDT
March 15, 2016, 5:45 AM EDT
George Washington, our first president, is probably our greatest and most decent statesman. We celebrate Washington's Birthday each February. But March 16th marks the birthday of probably the second-most important and decent American, James Madison.
March 8, 2016, 9:35 AM EST
There is no such thing as a free lunch or a something-for-nothing machine. Whenever there is a benefit of doing something, there is a guaranteed cost. And that includes tariffs. Tariff policy beneficiaries are always seen, but its victims are mostly unseen. Politicians love this.
March 1, 2016, 8:53 AM EST
Too many Americans are ignorant of tax issues and thus fall easy prey to the nation's charlatans and quacks.
February 23, 2016, 8:54 AM EST
Jonathan Swift (1667-1745), satirist, essayist and political pamphleteer, is a favorite of mine. He wrote "Gulliver's Travels." One of Gulliver's voyages was to Laputa, where he visited the grand academy of Lagado, whose scientists have visions not unlike today's politicians who exploit mankind's gullibility.
February 16, 2016, 8:00 AM EST
Presidential candidates Hillary Clinton and Sen. Bernie Sanders seek to claim the "progressive" mantle. Both claim the other is not a true progressive. CBut let's talk about the origins of progressivism. It's only historical ignorance that could explain black affinity for progressivism.
February 9, 2016, 8:12 AM EST
Sloppy language is corrupting our society.
February 2, 2016, 6:01 AM EST
There is a letter titled "Isn't It Strange?" making the rounds in email boxes. It asks questions to which our fellow Americans should know the answers, save for those caught up in modernity.
January 26, 2016, 6:25 AM EST
Some credit Albert Einstein, others credit Benjamin Franklin, with the observation that "the definition of insanity is doing the same thing year after year and expecting different results." Whomever we credit, he was absolutely right. A perfect example of that insanity is education in general and particularly black education.
January 19, 2016, 7:08 AM EST
Black civil rights activists, their white liberal supporters and historically ignorant Americans who attack the Confederate flag have committed a deep, despicable dishonor to our patriotic Southern black ancestors who marched, fought and died not to protect slavery but to protect their homeland from Northern aggression. They don't deserve the dishonor.
January 12, 2016, 5:24 AM EST
A minimum wage not only discriminates against low-skilled workers but also is one of the most effective tools in the arsenal of racists.
January 5, 2016, 6:14 AM EST
Racial discrimination cannot explain the absence of supermarkets in black communities.
December 30, 2015, 9:46 AM EST
Supreme Court Justice Antonin Scalia ran headlong into the leftist meat grinder by questioning whether college admission of blacks with academic achievement levels significantly lower than the rest of the student body is beneficial to blacks. His question came up during oral arguments in Fisher v. University of Texas, wherein the court will rule whether the use of race in college admission decisions violates the 14th Amendment's guarantee of "equal protection of the laws" to all citizens.
December 22, 2015, 6:43 AM EST
American immorality and contempt for liberty lie at the root of most of the political economic problems our nation faces.
December 15, 2015, 5:47 AM EST
Perhaps the most dangerous aspect of military social engineering is the cover-up of failure. Officers who criticize double standards or expose official lies and deception about servicewomen's performance risk their careers. Those official lies and deception will eventually reveal themselves with unnecessary loss of lives on the battlefield.
December 8, 2015, 4:30 AM EST
Most college students do not belong in college. I am not by myself in this assessment. Washington Post columnist Robert Samuelson said, "It's time to drop the college-for-all crusade," something advocated by the Obama administration.
December 1, 2015, 7:04 AM EST
Most Americans, including me, welcome people to our country who come here, as immigrants have in the past, to become Americans. We don't welcome people who wish to import the failed culture from which they fled. We could extend the welcome mat even further if we abandoned the welfare state. We have far too many Americans living off the earnings of others. We don't need to encourage others to do the same.
November 24, 2015, 6:39 AM EST
Recent events at the University of Missouri, Yale University and some other colleges demonstrate an ongoing ignorance and/or contempt for the principles of free speech. So let's examine some of those principles by asking: What is the true test of one's commitment to free speech?
November 17, 2015, 4:47 AM EST
The 2015 National Assessment of Educational Progress report, also known as The Nation's Report Card, shows that U.S. educational achievement, to put it nicely, leaves much to be desired.
November 10, 2015, 7:15 AM EST
Completely ignored in most discussions of slavery is the fact that slavery was mankind's standard fare throughout history. Centuries before blacks were enslaved, Europeans were enslaved. What distinguishes the West, namely Britain and the U.S., from other nations are the extraordinary measures they took to abolish slavery.