Walter E. Williams, Special to Postmedia Network

Walter E. Williams, Special to Postmedia Network

LATEST STORIES BY WALTER E. WILLIAMS, SPECIAL TO POSTMEDIA NETWORK

 

WILLIAMS: Benefits vs. costs and COVID-19

One of the first lessons in an economics class is everything has a cost. That’s in stark contrast to lessons in the political arena where politicians talk about free stuff. In our personal lives, decision-making involves weighing costs against benefits. Businessmen make the same calculation if they want to stay in business. It’s an entirely different story for politicians running the government where any benefit, however minuscule, is often deemed to be worth any cost, however large.

with Video
April 21, 2020 Columnists
This handout illustration image obtained February 27, 2020 courtesy of the National Institutes of Health shows a transmission electron microscopic image  that shows SARS-CoV-2also known as 2019-nCoV, the virus that causes COVID-19.

WILLIAMS: Socialism's past

Senator Bernie Sanders’ call for socialism has resonated among many Americans, particularly young Americans. They’ve fallen prey to the idea of a paradise here on Earth where things are free and there’s little want. But socialists never reveal what turns out to be their true agenda. Let’s look at the kind of statements they used to gain power. You’ll note that all of their slogans before gaining power bore little relation to the facts after they had power.

March 21, 2020 Columnists
In this file photo U.S. Democratic presidential candidate Senator Bernie Sanders (I-VT) speaks to the press after loosing much of super Tuesday to U.S. Democratic presidential candidate and former U.S. vice-president Joe Biden the previous night, in Burlington, Vermont on March 11, 2020. (JOSEPH PREZIOSO/AFP via Getty Images)
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