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Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Rose
Follow
Poverty
Groups
Ethnic
Leader
Racial
Seldom
Prosperity
Leaders

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Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
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The government is indeed an institution, but the market is nothing more than an option for each individual to chose among numerous existing institutions, or to fashion new arrangements suited to his own situation and taste.
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Sometimes it seems as if I have spent the first half of my life refusing to let white people define me and the second half refusing to let black people define me.
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Riskier mortgage lending practices, imposed by government, were what set the stage for many mortgage payments to stop and thus for the financial disasters that followed. Political rhetoric, echoed in the media, seeks to obscure that painfully plain fact.
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Has Obama ever grown even a potted plant, much less a business, a bank, a hospital or any of the numerous other institutions whose decisions he wants to control and override? But he can talk glibly about growing the economy. Arrogance is no substitute for experience. That is why the country is in the mess it is in now.
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Central planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.
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What freedom does a starving man have? The answer is that starvation is a tragic human condition- perhaps more tragic than loss of freedom. That does not prevent these from being two different things.
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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.
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What is politically defined as economic planning is the forcible superseding of other people's plans by Government officials.
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There is no talent so ardently supported, nor generously rewarded, as the ability to convince parasites they are victims.
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Morality, like other inputs into the social process, follows the law of diminishing returns- meaning ultimately, negative returns. People can be too moral.
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Economics is concerned with what emerges, not what anyone intended.
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When you start off by telling those who disagree with you that they are not merely in error but in sin, how much of a dialogue do you expect?
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No society ever thrived because it had a large and growing class of parasites living off those who produce.
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The principles applied in economic processes are general social principles.
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Our economic problems worry me much less than our political solutions, which have a far worse track record.
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