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

Thomas Sowell

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.
THOMAS SOWELL

Consequences Contribution Economics People Politics Society
Everyone may be called “comrade,” but some comrades have the power of life and death over other comrades.
THOMAS SOWELL

Death Friendship Life Partner Power
Extrapolations are the last refuge of a groundless argument.
THOMAS SOWELL

Argument Extrapolation Ground Refuge
Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.
THOMAS SOWELL

Case God Identity Mistake Remember Trouble
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.
THOMAS SOWELL

Consitution Court Economics Government Politics
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
It would be very heard, for example, a basketball owner, no matter how racist he was, to try to operate without Blacks. It would be suicidal.
THOMAS SOWELL

Basketball Black Black Lives Matter Racism Suicide
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
The question is not what anybody deserves. The question is who is to take on the God-like role of deciding what everybody else deserves.
THOMAS SOWELL

Decide Deserve God Role
Heedless of the past, we are flying blind into the future.
THOMAS SOWELL

Blind Fly Future Past
Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good.
THOMAS SOWELL

Decade Goodness History Past replace Social World
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 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.
THOMAS SOWELL

Civil History Nation People Position
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
No one chooses which culture to be born into or can be blamed for how that culture evolved in past centuries.
THOMAS SOWELL

Blame Century Choose Culture Past
I am so old that I can remember when other people’s achievements were considered to be an inspiration, rather than a grievance.
THOMAS SOWELL

Achievement Consider Inspirational Old People Remember

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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