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Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Seem
Ingenuity
Business
Genuinely
Seems
Requirements
Budget
Balanced
Budgets
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Produce
Accounting
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Competition does a much more effective job than government at protecting consumers.
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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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The more people who are dependent on government handouts, the more votes the left can depend on for an ever-expanding welfare state.
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Love is a four-letter word, but you don't hear in nearly as often as you hear some other four-letter words. It may be a sign of our times that everyone talks openly about sex, but we seem to be embarrassed to talk about love.
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The law of diminishing returns means that even the most beneficial prinicple will become harmful if carried far enough.
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It doesnt matter what you do if you dont do what matters. If you do what matters it doesnt matter what you do.
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Envy plus rhetoric equals social justice..
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The principles applied in economic processes are general social principles.
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When government takes away options, it is bound to make some people worse off, even with intrinsicallly good intentions behind that government intervention.
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Wise men wrote the Constitution, but clever judges have been destroying it, bit by bit, turning it into an instrument of arbitrary judicial power, instead of a limitation on all government power.
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When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.
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Ideas are everywhere, but knowledge is rare.
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If facts, logic, and scientific procedures are all just arbitrarily socially constructed notions, then all that is left is consensus--more specifically peer consensus, the kind of consensus that matters to adolescents or to many among the intelligentsia.
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Racism does not have a good track record. It's been tried out for a long time and you'd think by now we'd want to put an end to it instead of putting it under new management.
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More than half of all people filing income tax forms use someone else to prepare the forms for them. Then they have to sign under penalty of perjury that these forms are correct. But if they were competent to determine that, why would they have to pay someone else to do their taxes for them in the first place?
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People used to say, Ignorance is no excuse. Today, ignorance is no problem. After all, you have a right to your own opinion - and self-esteem to boot.
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In the long run, the greatest weapon of mass destruction is stupidity.
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No individual and no generation has had enough personal experience to ignore the vast experience of the human race that is called history. Yet most of our schools and colleges today pay little attention to history. And many of our current policies repeat mistakes that were made, time and again, in the past with disastrous results.
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Politics is largely the process of taking credit and putting the blame on others - regardless of what the facts may be.
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The same set of statistics can produce opposite conclusions at different levels of aggregation.
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