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

Thomas Sowell

For the anointed, traditions are likely to be seen as the dead hand of the past, relics of a less enlightened age, and not as the distilled experience of millions who faced similar human vicissitudes before.
THOMAS SOWELL

Dead Enlight Experience Human Past Tradition
Socialism is a wonderful idea. It is only as a reality that it has been disastrous.
THOMAS SOWELL

Disastrous Ideas Reality Social Wonderful
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.
THOMAS SOWELL

Acceptance Education Ideas Intelligence People Virtue
Age gives you an excuse for not being very good at things that you were not very good at when you were young.
THOMAS SOWELL

Age Care Courtesy Excuse Goodness Humble Young
Intellect is not wisdom.
THOMAS SOWELL

Intelelct One Liner Wisdom
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.
THOMAS SOWELL

Decide Deserve God Role
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
It’s amazing how much panic one honest man can spread among a multitude of hypocrites.
THOMAS SOWELL

Honesty Human Nature Man Panic Spread
Competition does a much more effective job than government at protecting consumers.
THOMAS SOWELL

Competition Consumer Effect Government Job Protect
Liberals seem to assume that, if you don’t believe in their particular political solutions, then you don’t really care about the people that they claim to want to help.
THOMAS SOWELL

Believe Claim Liberty People Politics Solution
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
The purpose of education is to give the student the intellectual tools to analyze, whether verbally or numerically, and to reach conclusions based on logic and evidence.
THOMAS SOWELL

Education Evidence Intellectual Logic Student
Reality does not go away when it is ignored.
THOMAS SOWELL

Deep Healing Ignorance One Liner Reality
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
One of the consequences of such notions as ‘entitlements’ is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.
THOMAS SOWELL

Consequences Contribution Economics People Politics Society
We should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive.
THOMAS SOWELL

Concentration Ideas Institution Surprise Survive Work

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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