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 SOWELLGovernment “planning” is not an alternative to chaos. It is a pre-emption of other people’s plans.
More Thomas Sowell Quotes
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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.
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Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good.
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In short, numbers are accepted as evidence when they agree with preconceptions, but not when they don’t.
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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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People who have time on their hands will inevitably waste the time of people who have work to do.
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Rhetoric is no substitute for reality.
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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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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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Economics is more than just a way to see patterns or to unravel puzzling anomalies.
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Reality does not go away when it is ignored.
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If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.
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If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 50 years ago, a liberal 25 years ago and a racist today.
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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.
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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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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