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

10

3 Un-American Activities Of Barack Obama.

During the campaign for President, you’d often hear liberals claim that conservatives were questioning Barack Obama’s patriotism. Then, you’d usually

16

3 Reasons Why CPAC is a Must For Every Conservative Activist….[Major Picture Dump]

[A big thank you to Richard Hornsby for the photo] This past Wednesday through Saturday, The American Conservative Union sponsored

22

5 Scientific Reasons That Global Warming Isn’t Happening

How did global warming discussions end up hinging on what’s happening with polar bears, unverifiable predictions of what will happen