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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The most basic question is not what is best, but who shall decide what is best.
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When people get used to preferential treatment, equal treatment seems like discrimination.
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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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Racism does not have a good track record. It’s been tried out for a long time and you’d think by now we’d want to put an end to it instead of putting it under new management.
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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.
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Government “planning” is not an alternative to chaos. It is a pre-emption of other people’s plans.
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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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Socialism is a wonderful idea. It is only as a reality that it has been disastrous.
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It would be very heard, for example, a basketball owner, no matter how racist he was, to try to operate without Blacks. It would be suicidal.
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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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Economics is a study of cause and effect relationships in an economy.
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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 first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
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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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It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
THOMAS SOWELL