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The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Anything
Satisfy
Firsts
Lesson
First
Economics
Enough
Fully
Never
Lessons
Disregarded
Economy
Scarcity
Economic
Disregard
Politics
Economist

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Even the Soviet Union, with its huge nuclear arsenal, was a threat that could be deterred by the prospect of retaliation. But suicide bombers cannot be deterred. They can only be annihilated - preemptively and unilaterally, if necessary.
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One of the most important skills for political success is the ability to make confident assertions of absurdities or lies.
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