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Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Mean
Higher
Prices
World
Turn
Steel
Economy
Fewer
Turns
Saved
American
Save
Means
Products
Tariffs
Jobs
Loss
Losses
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Industry
Sales
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The principles applied in economic processes are general social principles.
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To say that 'wealth in America is so unfairly distributed in America,' as Ronald Dworkin does, is grossly misleading when most wealth in the United States is not distributed: at all. People create it, earn it, save it, and spend it.
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Many people, including some conservatives, have been very impressed with how brainy the president and his advisers are. But that is not quite as reassuring as it might seem.
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Civil rights used to be about treating everyone the same. But today some people are so used to special treatment that equal treatment is considered to be discrimination.
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Too much of what is called 'education' is little more than an expensive isolation from reality.
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People have a vested interest in promoting one set of polices rather than finding out what the truth is.
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In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.
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Benedict Arnold was a war hero, wounded in battle--before he turned against his country. Hitler was likewise a decorated and wounded veteran of the First World War. Being a war hero is not a lifetime...exempt[ion]...from responsibility for what you do thereafter.
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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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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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Intellectuals may like to think of themselves as people who speak truth to power but too often they are people who speak lies to gain power.
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People who thing that they are getting something for nothing, by having government provide what they would otherwise have to buy in the private market, are not only kidding themselves by ignoring the taxes that government has to take from them in order to give them the appearance of something for nothing.
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If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.
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Over the generations, black leaders have ranged from noble souls to shameless charlatans.
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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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Do countries with strong gun control laws have lower murder rates? Only if you cherry-pick the data.
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The idealism of the left is a very selfish idealism. In their war against 'the rich' and big business, they don't care how much collateral damage there is to workers who end up end up unemployed.
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There is no bigger waste of time than doing 90% of what is necessary.
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It takes considerable knowledge just to realize the extent of your own ignorance.
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If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves
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