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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
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Requirements
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Balanced
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Accounting
More quotes by Thomas Sowell
Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.
Thomas Sowell
One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.
Thomas Sowell
Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
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Freedom is unlikely to be lost all at once and openly. It is far more likely to be eroded away, bit by bit, amid glittering promises and expressions of noble ideals.
Thomas Sowell
If you believe in equal rights, then what do “women’s rights,” “gay rights,” etc., mean? Either they are redundant or they are violations of the principle of equal rights for all.
Thomas Sowell
Stupid people can cause problems, but it usually takes brilliant people to create a real catastrophe.
Thomas Sowell
What is called 'capitalism' might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who want to remain capitalists have to learn to dance to it.
Thomas Sowell
Ego trips by coteries of self-exalting people are treated in the media as idealism, rather than the petty tyranny it is.
Thomas Sowell
There are 3 questions that would destroy most of the arguments of the Left. The first is - compared to what? The second is - at what cost? And the third is - what hard evidence do you have?
Thomas Sowell
Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
Thomas Sowell
The difference is that we have the hardest and most painful evidence that there was a Holocaust. But, for the global warming scenario that is causing such hysteria, we have only a movie made by a politician and mathematical models whose results change drastically when you change a few of the arbitrarily selected variables.
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The government does not have some magic wand that can 'bring down the cost of health care.' It can buy a smaller quantity or lower quality of medical care, as other countries with government-run medical care do.
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Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.
Thomas Sowell
The reason so many problems do not get solved in Washington is that solving those problems is not the No. 1 priority: Re-election is.
Thomas Sowell
The more people who are dependent on government handouts, the more votes the left can depend on for an ever-expanding welfare state.
Thomas Sowell
Our economic problems worry me much less than our political solutions, which have a far worse track record.
Thomas Sowell
It doesn't matter how smart you are unless you stop and think.
Thomas Sowell
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
The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare state benefits - food stamps, housing subsidies and the like - if their income goes up.
Thomas Sowell
People used to complain about 'the idle rich.' But the idle rich did not do the kind of harm being done by today's busybody rich, who feed their own egos by bankrolling political crusades on the left which hurt the very people that the left claims to care about -- working people, minorities, and children.
Thomas Sowell