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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
Seems
Requirements
Budget
Balanced
Budgets
Likely
Produce
Accounting
Seem
Ingenuity
Business
Genuinely
More quotes by Thomas Sowell
Competition does a much more effective job than government at protecting consumers.
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Someone once said that many bad policies are just good policies that have been carried too far. For example, we have taken tolerance to such an extreme that we tolerate the immigration into our country of millions of intolerant people who hate millions of Americans who are already here.
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Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.
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Reality is not optional.
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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.
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Since the government creates no wealth, it can only transfer the wealth required to hire people. Even if the government creates a million jobs, that is not a net increase in jobs, when the money that pays for those jobs is taken from the private sector, which loses that much ability to create private jobs.
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Most people who read The Communist Manifesto probably have no idea that it was written by a couple of young men who had never worked a day in their lives, and who nevertheless spoke boldly in the name of the workers. Thomas Sowell .
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I suspect that even most conservatives would prefer to live in the kind of world conjured up in the liberals' imagination rather than in the kind of world we are in fact stuck with.
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When we hear about rent control or gun control, we may think about rent or guns but the word that really matters is 'control.' That is what the political left is all about, as you can see by the incessant creation of new restrictions in places where they are strongly entrenched in power, such as San Francisco or New York.
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We're not a socialist country, because the socialists believe in government ownership in the means of production, but the fascists believe that the government should have private ownership and the politicians should tell people how to run the businesses. So that's the route we seem to be going.
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The idea that money is corrupting innocent politicians would be laughable if it did not lead to such dangerous legislation.
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Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow.
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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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Even when black youth gangs target white strangers on the streets and spew out racial hatred as they batter them and rob them, mayors, police chiefs and the media tiptoe around their racism and many in the media either don't cover these stories or leave out the race and racism involved.
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I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money.
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People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are paid much more than they are worth. People who know nothing about medicine and nothing about economics unhesi.
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Economics is concerned with what emerges, not what anyone intended.
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One of the painfully sobering realizations that come from reading history is the utter incompetence that is possible among leaders of whole nations and empires - and the blind faith that such leaders can nevertheless inspire among the people who are enthralled by their words or their posturing.
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The Constitution cannot protect us unless we protect the Constitution.
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The same set of statistics can produce opposite conclusions at different levels of aggregation.
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