With rents skyrocketing across the nation, activists and politicians are turning to rent-control policies.
But John Stossel reports that everywhere this tactic has been implemented, it harms the people it’s meant to help. He explains further, citing the strict rent-control policies imposed by St. Paul, Minn., a couple of years ago.
The single-most motivating factor for entrepreneurs worldwide is profit. “Profits motivate people to work hard for themselves and make life better for others,” says Walter Williams, professor of economics at George Mason University. But many loons across this fine nation still believe “profit” is a dirty word. Williams disagrees and explains why profits are progressive and beneficial to all in this edition of Prager University.
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Distinguished professor of economics at George Mason University and syndicated columnist Walter E. Williams says there is such a deep political divide in our nation that he believes conservatives must divorce progressives. “I think it is clear that we have strayed very far from the Constitution,” Williams tells Steve Malzberg of Newmax TV.
“The founders gave us a Constitution where the federal government’s role in our lives was limited. … The federal government (today) is in every single aspect of our lives without any Constitutional amendments, and it seems like there’s no turning back. Most Americans want to have the power to use the federal government to live at the expense of another American. That is, they want their congressmen to use the power of their office to take the rightful property of one American and bring it back to them, whether you talk about farm subsidies, food stamps, business bailouts, food stamps, welfare and thousands of federal programs.”
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Dr. Walter E. Williams suggests libertarians need to build coalitions and deploy a better strategy to promote the notions of liberty.
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Walter Williams, renowned professor of economics at George Mason University, builds a strong case defending the free market as being morally superior than a market either directly controlled by the government or heavily dependent upon government bailouts. He’s interviewed by Dennis Prager.
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