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

Thomas Sowell

Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward.
THOMAS SOWELL

Born Business Capital Company Failure Inspirational
One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.
THOMAS SOWELL

Complain Produce Refuse Sad Time
People who pride themselves on their “complexity” and deride others for being “simplistic” should realize that the truth is often not very complicated. What gets complex is evading the truth.
THOMAS SOWELL

Complex People Pride Realize Simplicity Truth
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.
THOMAS SOWELL

Appreciate DAngry Failure Honor People Trust
The most basic question is not what is best, but who shall decide what is best.
THOMAS SOWELL

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

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

Honesty Human Nature Man Panic Spread
Rhetoric is no substitute for reality.
THOMAS SOWELL

Exploitation Reality Rhetoric Substitute
The purpose of education is to give the student the intellectual tools to analyze, whether verbally or numerically, and to reach conclusions based on logic and evidence.
THOMAS SOWELL

Education Evidence Intellectual Logic Student
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
It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.
THOMAS SOWELL

Afford Government Pay People Positive Thinking
No amount of taxation is ever described as “greed” on the part of government or the clientele of government.
THOMAS SOWELL

Government Greedy Money Tax
Liberals seem to assume that, if you don’t believe in their particular political solutions, then you don’t really care about the people that they claim to want to help.
THOMAS SOWELL

Believe Claim Liberty People Politics Solution
Freedom must be distinguished from democracy, with which it is often confused.
THOMAS SOWELL

Confuse Democracy Different Freedom
Age gives you an excuse for not being very good at things that you were not very good at when you were young.
THOMAS SOWELL

Age Care Courtesy Excuse Goodness Humble Young
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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