Words Worth Noting - August 3, 2022

“Robert Reich, President Clinton’s labour secretary, said that economists who question free market theories really ‘want to speak to the reality of our time.’ That’s incredible. Reality doesn’t depend on whether it’s 1907 or 2007. Reich probably thinks the reality of the laws of supply and demand depends on what year it is. I wonder whether he thinks the reality of the laws of gravity does as well.”

Walter E. Williams in Fraser Forum July-August 2007