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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

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

Cause Economics Economy Effect Relationship Study
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
We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did.
THOMAS SOWELL

Closer Depression Hurt Responsible Situation
A society that puts equality – in the sense of equality of outcome – ahead of freedom will end up with neither equality nor freedom.
THOMAS SOWELL

Ending Equality Freedom Society
The media are less a window on reality, than a stage on which officials and journalists perform self-scripted, self-serving fictions.
THOMAS SOWELL

Fiction Journalist Media Perform Reality Window
Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good.
THOMAS SOWELL

Decade Goodness History Past replace Social World
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
The welfare state is not really about the welfare of the masses. It is about the egos of the elites.
THOMAS SOWELL

Ego Elite Mass State Welfare
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
Extrapolations are the last refuge of a groundless argument.
THOMAS SOWELL

Argument Extrapolation Ground Refuge
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

Choose Decide Information Inspirational People Public
Justice at all costs’ is not justice.
THOMAS SOWELL

Cost Deep Injustice Justice One Liner
No one chooses which culture to be born into or can be blamed for how that culture evolved in past centuries.
THOMAS SOWELL

Blame Century Choose Culture Past
The history of which peoples, nations, or civilizations have conquered or enslaved which other peoples, nations, or civilizations has been largely a history of who has been in a position to do so.
THOMAS SOWELL

Civil History Nation People Position
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
No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk.
THOMAS SOWELL

Capital Government Income Market Poor

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.

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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.

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