Economics is a study of cause and effect relationships in an economy.
THOMAS SOWELLFreedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
More Thomas Sowell Quotes
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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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If politicians stopped meddling with things they don’t understand, there would be a more drastic reduction in the size of government than anyone in either party advocates.
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It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
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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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Ronald Reagan had a vision of America. Barack Obama has a vision of Barack Obama.
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It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
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Intellect is not wisdom.
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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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What is called an educated person is often someone who has had a dangerously superficial exposure to a wide spectrum of subjects.
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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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Clearly, only very unequal intellectual and moral standing could justify having equality imposed, whether the people want it or not, as Dworkin suggests, and only very unequal power would make it possible.
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One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them.
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A society in which such decisions can only be made by males has thrown away half of its knowledge, talents, and insights.
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Despite a voluminous and often fervent literature on “income distribution,” the cold fact is that most income is not distributed: It is earned.
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If people in the media cannot decide whether they are in the business of reporting news or manufacturing propaganda, it is all the more important that the public understand that difference, and choose their news sources accordingly.
THOMAS SOWELL






