Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward.
THOMAS SOWELLWhat is history but the story of how politicians have squandered the blood and treasure of the human race?
More Thomas Sowell Quotes
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Economics is more than just a way to see patterns or to unravel puzzling anomalies.
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The media are less a window on reality, than a stage on which officials and journalists perform self-scripted, self-serving fictions.
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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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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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In short, numbers are accepted as evidence when they agree with preconceptions, but not when they don’t.
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It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.
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What then is the intellectual advantage of civilization over primitive savagery? It is not necessarily that each civilized man has more knowledge but that he requires far less.
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Many on the political left are so entranced by the beauty of their vision that they cannot see the ugly reality they are creating in the real world.
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Age gives you an excuse for not being very good at things that you were not very good at when you were young.
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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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The really painful surprise is that so many people based their hopes on his words, rather than on the record of his deeds.
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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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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 first things taught in introductory statistics textbooks is that correlation is not causation. It is also one of the first things forgotten.
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Intellect is not wisdom.
THOMAS SOWELL