Now book tvs indepth program with williams. He tackles many issues including race, education, environment, health care and more. Host Walter Williams. You writemo its difficult to ba goodte economist an be certify perceived as compassionist. Often one hasre to avoid unpleasant questions. Guest that is absolutely right. To be a good economist you have to y look at cause and effect. Something, someone has to tal about cost. A lot of times people dont like to talk about costs. Host is an economist a coldblooded creatures . Guest i dont think so. I think i am a nice person. One of my issues, to help understand me, my initial premise is the each own ourselves. I am my private prope that he is ai am my private property in you are your private property. If you accept the idea of some ownership theacn cecpter ttain e moral internet acts are in mora lets say the reason what rape is immoral is because it violates private property. Murder violates private property and sodas theft. Does so, i thin
To be a good economist you look at cause and effect. Many times people dont want to see cause and effect. And economists will always talk about cost, when people talk about a benefit to doing something, someone has to talk about cost. A lot of times people dont like to talk about costs. Host is an economist a coldblooded creatures . Guest i dont think so. I think i am a nice person. One of my issues, to help understand me, my initial premise is the each own ourselves. I am my private property and you are your private property. If you accept the idea of self ownership, certain ask check requests are more lancer nicks are immoral. Race is immoral because it violates private property, murder is immoral, it violates private property and so does that. I think you can get a fairly good vision of how the world should be from a moral point of view because you look at the initial premise. Host what about the concept of the common thing . Guest the common good doesnt make a lot of sense whatsoev
Including race, education, the environment, health care andd m. More. Host Walter Williams inter your most recent book american in contempt for liberty, you write its difficult to be a good economist and simultaneouslyved perceived as compassionate. Mp oo be asasion g od economist one has to deal with three out threey, t audi of the two appear topassionate often one has avoid unpleasant questions. Oid p that is absolutely right tor. Te a good economist, you have to look at the cause and effect and many times people dont want toa see cause and effect and so an economist will also talk about cost that is when people talk about the benefit that they are doing something, someone has to talk about cost and a lot of times people dont like to talk about cost. Host is a coldblooded creature . Guest i think one of my issues is my initial premise we each go to ourselves i and my private property and you are your property. If you accept the self ownership, then certain acts are moral and immoral.
So, given what you have heard today, several phone calls guest let me guest lets hear the question first. [laughter] guest i know where you are going. Amp said that when you have stagnant or contracting economy, what politics consists of is pitting one group against another, fighting over a sinking pie. That is what you are saying now. You are seeing wages flat or falling. And as a result, people are looking for somebody to blame for their own condition. And lots of people have fastened on the Illegal Immigrants as the cause of it all. That is not the cause of it all. The cause of it all is that our economy is not going. There is not opportunity. And what we have to do is create an opportunity society. You can do it by one of two ways. You can do it the Bernie Sanders way, by having the Government Spending and taxing, and that something doesnt work. Look at europe. The Unemployment Rates in europe are skyhigh. They have great social benefits, but they dont have jobs. We need to create
Demographically so they dont feel threatened, then you actually stand a chance of rain taken beyondeing face value. I think many of us are aware of this, but this is not simply moral question although it is a moral question. It is really a strategic one. Andandidates and parties political actors want to succeed , we will have to reckon this in a serious way. Our localcontrol system are the ones that do if you want to engage the electorate, that means to vote for you, we need to start turning out a different crop of candidates gloria hinted at this. If you want the policy outcomes that many of us want, more progressive policies on a range of topics, this is one very clear path to getting it. But thank you all so much. You were wonderful. Thank you all for coming. [applause] you will be able to watch this program again later today. Congress is out until november 12, but news from capitol hill today. The federal government budget deficit has fallen to 486 billion, the smallest pool of red