A Quote by Walter E. Williams

The crucial question for any policy is not what, are its intentions, but what are its effects? — © Walter E. Williams
The crucial question for any policy is not what, are its intentions, but what are its effects?
I learned that you have to evaluate the effects of public policy as opposed to intentions.
But, sir, the great cause of complaint now is the slavery question, and the questions growing out of it. If there is any other cause of complaint which has been influential in any quarter, to bring about the crisis which is now upon us; if any State or any people have made the troubles growing out of this question, a pretext for agitation instead of a cause of honest complaint, Virginia can have no sympathy whatever, in any such feeling, in any such policy, in any such attempt. It is the slavery question. Is it not so?
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.
Policy is formed by preconceptions, by long implanted biases. When information is relayed to policy-makers, they respond in terms of what is already inside their heads and consequently make policy less to fit the facts than to fit the notions and intentions formed out of the mental baggage that has accumulated in their minds since childhood.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
There's a question of building trust, and I think that President Barack Obama offers trust. Personally, I think he is a transparent individual with the right intentions. So I think things are going to change in terms of U.S. foreign policy, especially with respect to Latin America.
If somebody wants to sit down with me for an hour and interview me and ask me any question about my record, my policies, my foreign policy experience, my domestic policy experience, I'm willing to do that.
The policy that received more attention particularly in the past decade and a half or so has been the US cocaine policy, the differential treatment of crack versus powder cocaine and question is how my research impacted my view on policy. Clearly that policy is not based on the weight of the scientific evidence. That is when the policy was implemented, the concern about crack cocaine was so great that something had to be done and congress acted in the only way they knew how, they passed policy and that's what a responsible society should do.
The Democratic policy is any abortion, any time, for any reason at any point in a woman's pregnancy, right up until the last minute, to be paid by taxpayers. Barbara Boxer described this policy as, 'It's not a life until it leaves the hospital.'
[Donald] Trump is the only Republican candidate in the last seven cycles to understand all three legs of the foreign policy stool - the three crucial elements of our foreign policy, what they need to be - and they are trade, war, and immigration.
The NSG entry is crucial for India's energy policy.
Justice is itself the great standing policy of civil society; and any eminent departure from it, under any circumstances, lies under the suspicion of being no policy at all.
Above all, as the keynote of all Democratic policy, in passing upon any question, let the controlling aim and ambition be to keep the road open for private enterprise and personal initiative.
A new question has arisen in modern man's mind, the question, namely, whether life is worth living...No sensible answer can be given to the question...because the question does not make any sense.
We have usually no knowledge that any one factor will exert its effects independently of all others that can be varied, or that its effects are particularly simply related to variations in these other factors.
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