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Economics is a study of cause and effect relationships in an economy.

Thomas Sowell

The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.
THOMAS SOWELL

Department Diversity Republic Social Time
What is called an educated person is often someone who has had a dangerously superficial exposure to a wide spectrum of subjects.
THOMAS SOWELL

DAngry Education Exposure Person Subject
No amount of taxation is ever described as “greed” on the part of government or the clientele of government.
THOMAS SOWELL

Government Greedy Money Tax
There are only two ways of telling the complete truth – anonymously and posthumously.
THOMAS SOWELL

Honesty Sarcastic Truth
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.
THOMAS SOWELL

Beautiful Creation Politics Ugly Vision World
What all these lofty and vague phrases boil down to is that the court can impose things that the voters don’t want and the Constitution does not require, but which are in vogue in circles to which the court responds.
THOMAS SOWELL

Consitution Court Economics Government Politics
The most basic question is not what is best, but who shall decide what is best.
THOMAS SOWELL

Decide Economics Inspirational Liberty
The government is indeed an institution, but “the market” is nothing more than an option for each individual to chose among numerous existing institutions, or to fashion new arrangements suited to his own situation and taste.
THOMAS SOWELL

Arrangement Economics Government Institution Market Situation
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.
THOMAS SOWELL

Book Causation Correlation Forget Statistics
The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy.
THOMAS SOWELL

Liar People Politics Reflection Satisfaction Shame
Economics is a study of cause and effect relationships in an economy.
THOMAS SOWELL

Cause Economics Economy Effect Relationship Study
When people are presented with the alternatives of hating themselves for their failure or hating others for their success, they seldom choose to hate themselves.
THOMAS SOWELL

Alternative Choose Failure Hate People Success
Intellect is not wisdom.
THOMAS SOWELL

Intelelct One Liner Wisdom
Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
THOMAS SOWELL

Evade Failure Ignorance Record Social
Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.
THOMAS SOWELL

Bail Economy Life Lost Mortage People
The really painful surprise is that so many people based their hopes on his words, rather than on the record of his deeds.
THOMAS SOWELL

Deed Hope Pain People Record Surprise

Economics is a study of cause and effect relationships in an economy.

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Economics is a study of cause and effect relationships in an economy.

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Popular Authors

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