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 SOWELLWhenever someone refers to me as someone “who happens to be black,” I wonder if they realize that both my parents are black. If I had turned out to be Scandinavian or Chinese, people would have wondered what was going on.
More Thomas Sowell Quotes
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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.
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Economics is more than just a way to see patterns or to unravel puzzling anomalies.
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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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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.
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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.
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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.
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As an entrepreneur in India put it: ‘Indians have learned from painful experience that the state does not work on behalf of the people. More often than not, it works on behalf of itself.
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Extrapolations are the last refuge of a groundless argument.
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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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The most basic question is not what is best, but who shall decide what is best.
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Suppose you are wrong? How would you know? How would you test for that possibility?
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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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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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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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There are no solutions. There are only trade-offs.
THOMAS SOWELL






