MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Walter E. Williams’

Thomas Sowell / Walter E. Williams on Congresspersons

Posted by M. C. on August 23, 2024

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Are Empirical Generalizations Really Bias?

Posted by M. C. on July 18, 2023

What is an empirical generalization? It stems from observation. People note, for example, that men are on average taller than women. Does this mean that all men have greater height than all women? Of course not. Milton Friedman stood at about five feet, while Brittney Griner, a WNBA All-Star recently released from Russia, is 6’9”.

https://substack.com/inbox/post/135074068

WALTER BLOCK

According to the New York Times, Karith Foster, a black woman, addressed a leadership summit meeting of the very woke Woodward company specializing in aerospace. She was brought in so as to change this firm’s Diversity, Equity and Inclusion (DEI) program, which wasn’t working satisfactorily, to something called “Belonging.” In the course of her remarks, she challenged her audience as follows:

“Had they ever locked the car when a Black man walked by? Had they thought, yes, Jewish people really are good with money?” Had they questioned the intelligence of someone with a thick Southern accent?”

Pretty much everyone in the audience, including the speaker herself, acknowledged remorse by raising their hands to indicate they were guilty of these offenses. She then claimed that acting in this manner, holding these beliefs, was an instance of bias, which must be eradicated if we are to attain a just society.

Let us consider each of these three challenges.

My friend of many years, the late Walter E. Williams, is a black man well over six feet tall. He once told me that often, when he walked into an elevator, the white men already on board exhibited concern, and the white women held their purses closer to their bodies. He said he well understood this behavior, and did not resent it. It was due to the fact that the black crime rate was much higher than that of any other demographic group.

He knew full well that he wasn’t going to mug anyone on the elevator (he was a distinguished economics professor at George Mason University; the only people he mugged, intellectually, were socialists and interventionists), but appreciated that the other occupants of the elevator were merely judging him on the basis of limited information; on what they could see of him: a tall powerful looking black man. Were these white people biased? Of course not: they were merely and justifiably basing their assessments, and their behavior, on empirical generalizations.

See the rest here

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Can We Trust Experts? – LewRockwell

Posted by M. C. on July 25, 2018

Can We Trust Experts?

By 

Former Treasury Secretary Larry Summers predicted that if Donald Trump were elected, there would be a protracted recession within 18 months. Heeding its experts, a month before the election, The Washington Post ran an editorial with the headline “A President Trump could destroy the world economy.” …

Nobel Prize-winning economist and New York Times columnist Paul Krugman warned that the world was “very probably looking at a global recession, with no end in sight.” By the way, Krugman has been so wrong in so many of his economic predictions, but that doesn’t stop him from making more shameless predictions… Read the rest of this entry »

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Crap! Obama Won, Yea! Romney Lost – Our Options Are Limited

Posted by M. C. on November 7, 2012

This begins with Jim Thompson’s editorial in the Oct 31 Erie Times. He is taking Rep Mike Kelly to task.

Kelly has done nothing to cancel Bush’s tax cuts for the wealthy, a massive redistribution of wealth to the top 10%.

Obama has stated he is in favor of wealth redistribution. The difference appears to be to whom the money gets redistributed. No mention that every analysis I have seen says the top 20% pays 80% of the tax. No mention the 53% of earners pay all the income tax. Read the rest of this entry »

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Profits Are for People by Walter E. Williams

Posted by M. C. on October 25, 2011

Just as Francisco d’Anconia provided his justification for profit Walter Williams provides a wonderful analysis illustrating why-

we need companies to profit

and why the Occupy Wallstreeters are siding with the people causing the problems.

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