Economics is a study of cause and effect relationships in an economy.
THOMAS SOWELLIt takes considerable knowledge just to realize the extent of your own ignorance.
More Thomas Sowell Quotes
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Nothing is easier than to get peaceful people to renounce violence, even when they provide no concrete ways to prevent violence from others.
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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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It’s amazing how much panic one honest man can spread among a multitude of hypocrites.
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What is ominous is the ease with which some people go from saying that they don’t like something to saying that the government should forbid it. When you go down that road, don’t expect freedom to survive very long.
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Some people imagine that they are well informed because they have memorized a whole galaxy of trendy dogmas and fashionable attitudes.
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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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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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People are all born ignorant but they are not born stupid.
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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.
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Extrapolations are the last refuge of a groundless argument.
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Reality does not go away when it is ignored.
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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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The most basic question is not what is best, but who shall decide what is best.
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Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
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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.
THOMAS SOWELL






