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

Thomas Sowell

Socialism is a wonderful idea. It is only as a reality that it has been disastrous.
THOMAS SOWELL

Disastrous Ideas Reality Social Wonderful
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
It’s amazing how much panic one honest man can spread among a multitude of hypocrites.
THOMAS SOWELL

Honesty Human Nature Man Panic Spread
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
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.
THOMAS SOWELL

Entrepreneur Experience Learning Pain People Work
Ronald Reagan had a vision of America. Barack Obama has a vision of Barack Obama.
THOMAS SOWELL

Be Yourself Entrepreneur Intelligence Vision
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
Rhetoric is no substitute for reality.
THOMAS SOWELL

Exploitation Reality Rhetoric Substitute
The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.
THOMAS SOWELL

Assume Automatic FAction Government Market Reason
If politicians stopped meddling with things they don’t understand, there would be a more drastic reduction in the size of government than anyone in either party advocates.
THOMAS SOWELL

Advocate Government Party Politics Understand
Suppose you are wrong? How would you know? How would you test for that possibility?
THOMAS SOWELL

Confidence Inspirational Possible Trust Wrong
To believe in personal responsibility would be to destroy the whole special role of the anointed, whose vision casts them in the role of rescuers of people treated unfairly by society.
THOMAS SOWELL

Destroy People Responsiblity Role Society Vision
It takes considerable knowledge just to realize the extent of your own ignorance.
THOMAS SOWELL

Consider Ignorance Knowledge Realize
Since this is an era when many people are concerned about ‘fairness’ and ‘social justice,’ what is your ‘fair share’ of what someone else has worked for?
THOMAS SOWELL

Black Lives Matter Era Justice People Social
The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy.
THOMAS SOWELL

Liar People Politics Reflection Satisfaction Shame
No-one is equal to anything. Even the same man is not equal to himself on different days.
THOMAS SOWELL

Deep Difference Equality Himself Justice Man

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

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

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Popular Authors

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