Everything You Need To Know About Avoiding Poverty In 250 Words


Walter is a brilliant man with a knack for breaking complex economic issues down into easily understandable, bite sized sentences. This is no small feat because economics, despite what some people may tell you, is generally not intuitive or easy to grasp without a great deal of study.

In his column today, Walter Williams dropped this nugget of wisdom:

Poverty in Egypt, or anywhere else, is not very difficult to explain. There are three basic causes: People are poor because they cannot produce anything highly valued by others. They can produce things highly valued by others but are hampered or prevented from doing so. Or, they volunteer to be poor.

That reminded me of another little snippet of genius that Williams once penned,

Avoiding long-term poverty is not rocket science. First, graduate from high school. Second, get married before you have children, and stay married. Third, work at any kind of job, even one that starts out paying the minimum wage. And, finally, avoid engaging in criminal behavior.

I would add one thing to that: Don’t spend yourself into oblivion. So, take Walter Williams’ advice to heart, follow it over time, and at least you won’t live a lifetime of poverty. Anybody can be poor in America, in fact many of us have been, but nobody has to stay poor in America.

Trending Today

Related Articles

65

20 Reasons You Wouldn’t Want To Live In An America Controlled By Liberals Like Obama

The only thing more disturbing than the arrogance, incompetence, and lawlessness of Barack Obama’s administration is that most liberals are

11

5 Lives Wrecked By Obamacare

  Liberals support cruel policies that decimate people’s lives; yet they like to think of themselves as compassionate and kind.

5

The 2011 CPAC Experience: 68 Pictures (Part 1 Of 2)

The Prelude To CPAC First of all, if you’ve never attended CPAC, let me give you a sense of it: