Quote of the Day

Sorry that I didn’t post yesterday. I’ve been busy at work. I will post some pictures tomorrow from Geno’s Cancer-Free Celebration this evening, but until then, here are some thoughts on world poverty from the great Walter E Williams:

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walterewilliams

The reason some countries are rich while others are poor is best explained by the amount of economic freedom its peoples enjoy and the extent of government control over economic matters. The economic development lesson is clear: Have a system of economic freedom and grow rich. Extensive government control, weak property rights and government corruption almost guarantee poverty. A country’s institutional infrastructure is critical to its economic growth and the well-being of its citizens. The most critical are protection of private property, enforcement of contracts and rule of law.

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