Economics is more than just a way to see patterns or to unravel puzzling anomalies.
THOMAS SOWELLRonald Reagan had a vision of America. Barack Obama has a vision of Barack Obama.
More Thomas Sowell Quotes
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Economics is a study of cause and effect relationships in an economy.
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Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
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Suppose you are wrong? How would you know? How would you test for that possibility?
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If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 50 years ago, a liberal 25 years ago and a racist today.
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Since this is an era when many people are concerned about ‘fairness’ and ‘social justice,’ what is your ‘fair share’ of what someone else has worked for?
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The only people I truly envy are those who can play a musical instrument and those who can eat anything they want without gaining weight.
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Extrapolations are the last refuge of a groundless argument.
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Virtually no idea is too ridiculous to be accepted, even by very intelligent and highly educated people, if it provides a way for them to feel special and important. Some confuse that feeling with idealism.
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The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.
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What is ominous is the ease with which some people go from saying that they don’t like something to saying that the government should forbid it. When you go down that road, don’t expect freedom to survive very long.
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I have never understood why it is “greed” to want to keep the money you have earned but not greed to want to take somebody else’s money.
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Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
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I am so old that I can remember when other people’s achievements were considered to be an inspiration, rather than a grievance.
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It takes considerable knowledge just to realize the extent of your own ignorance.
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People who have time on their hands will inevitably waste the time of people who have work to do.
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As history has also shown, especially in the twentieth century, one of the first things an ideologue will do after achieving absolute power is kill.
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It is scary how easily so many people can be brainwashed by sheer repetition of a word.
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Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
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It’s amazing how much panic one honest man can spread among a multitude of hypocrites.
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As an entrepreneur in India put it: ‘Indians have learned from painful experience that the state does not work on behalf of the people. More often than not, it works on behalf of itself.
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We should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive.
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No matter how much people on the left talk about compassion, they have no compassion for the taxpayers.
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We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did.
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The question is not what anybody deserves. The question is who is to take on the God-like role of deciding what everybody else deserves.
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Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward.
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Competition does a much more effective job than government at protecting consumers.
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