Walter Williams

A basic economic premise holds that when the price of something rises, people seek to economize on its use. They seek substitutes for that which has risen in price. Recent years have seen proposals for an increase in the federal minimum wage to $15 an hour. Some states and localities, such as Seattle, have already legislated a minimum wage of $15 an hour.

Most black politicians, ministers, civil rights advocates and professionals support Hillary Clinton's quest for the presidency. Whoever becomes the next president, whether it's a Democrat or Republican, will mean little or nothing in terms of solutions to major problems that confront many black people. We've already seen that even a black president means little or nothing. Politics and political…

Last month, I celebrated the beginning of my 81st year of life. For nearly half that time, I have been writing a nationally syndicated column on many topics generating reader responses that go from supportive to quite ugly. So I thought a column making my vision, values and views explicit might settle some of the controversy.  

Here is what presidential aspirant Sen. Bernie Sanders said: "I believe that health care is a right of all people." President Barack Obama declared that health care "should be a right for every American." The United States Conference of Catholic Bishops: "Every person has a right to adequate health care." President Franklin D. Roosevelt, in his January 1944 message to Congress, called for "the…

"Engineering Evil" is a documentary recently shown on the Military History channel. It's a story of Nazi Germany's murder campaign before and during World War II. According to some estimates, 16 million Jews and other people died at the hands of Nazis (http://tinyurl.com/6duny9). Though the Holocaust ranks high among the great human tragedies, most people never consider the most important…

There is a jobs crisis in the U.S. that is going virtually unnoticed by the broadcast networks. The unemployment rate for African Americans towers over the national average, upsetting conservatives and liberals. In spite of bipartisan outrage, the three broadcast networks gave just 10 seconds combined to the black unemployment rate around the monthly jobs reports in the past year. Liberal Rev…

As if more evidence were needed about the tragedy of black education, Rachel Jeantel, a witness for the prosecution in the George Zimmerman murder trial, put a face on it for the nation to see. Some of that evidence unfolded when Zimmerman's defense attorney asked 19-year-old Jeantel to read a letter that she allegedly had written to Trayvon Martin's mother. She responded that she doesn't read…

MSNBC.com on Monday accused economist Dr. Walter Williams of making racist statements during his interview with Fox News's John Stossel last week. The charge was associated with an "Ed Show" segment in which the host disgracefully cherry-picked one of Williams' comments about welfare and slavery (video follows with transcript and commentary):

If any policy maker watches Michael Moore's new movie, "Capitalism: A Love Story" and is influenced by it - be afraid, be very afraid. Moore appeared on CNN's Sept. 23 "Larry King Live" to promote his movie, but he shared with host Larry King his thoughts on why the stock market has rallied off its lows, despite a rising unemployment. His reasoning - Wall Street likes joblessness, because it's…