Quote

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

Change background

T
T
T

Change font

TAGS & TOPICS

Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Means
Products
Tariffs
Jobs
Loss
Losses
Around
Industry
Sales
Mean
Higher
Prices
World
Turn
Steel
Economy
Fewer
Turns
Saved
American
Save

More quotes by Thomas Sowell

Image
If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.
Thomas Sowell
Image
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
Image
Perhaps people who are gushing over the Obama Cult today might do well to stop and think about what it would mean for their granddaughters to live under Sharia law.
Thomas Sowell
Image
You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.
Thomas Sowell
Image
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.
Thomas Sowell
Image
A moral monopoly is the antithesis of a marketplace of ideas.
Thomas Sowell
Image
Trade-offs have been with us ever since the late unpleasantness in the Garden of Eden.
Thomas Sowell
Image
One of the painful signs of years of dumbed-down education is how many people are unable to make a coherent argument. They can vent their emotions, question other people's motives, make bold assertions, repeat slogans-- anything except reason.
Thomas Sowell
Image
To say the Constitution is living is to say that it's dead.
Thomas Sowell
Image
Relevance is not something you can predict. It is something you discover after the fact.
Thomas Sowell
Image
Do countries with strong gun control laws have lower murder rates? Only if you cherry-pick the data.
Thomas Sowell
Image
As long as human beings are imperfect, there will always be arguments for extending the power of government to deal with these imperfections. The only logical stopping place is totalitarianism -- unless we realize that tolerating imperfections is the price of freedom.
Thomas Sowell
Image
Anyone who has actually had to take responsibility for consequences by running any kind of enterprise whether economic or academic, or even just managing a sports team is likely at some point to be chastened by either the setbacks brought on by his own mistakes or by seeing his successes followed by negative consequences that he never anticipated.
Thomas Sowell
Image
Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.
Thomas Sowell
Image
Study after study, not only here but in other countries, show that the most affordable housing is where there has been the least government interference with the market - contrary to rhetoric.
Thomas Sowell
Image
Egalitarians create the most dangerous inequality of all - inequality of power. Allowing politicians to determine what all other human beings will be allowed to earn is one of the most reckless gambles imaginable. Like the income tax, it may start off being applied only to the rich but it will inevitably reach us all.
Thomas Sowell
Image
Wal-Mart has done more for poor people then any ten liberals, at least nine of whom are almost guaranteed to hate Wal-Mart.
Thomas Sowell
Image
The biggest myth about labor unions is that unions are for the workers. Unions are for unions, just as corporations are for corporations and politicians are for politicians.
Thomas Sowell
Image
There is usually only a limited amount of damage that can be done by dull or stupid people. For creating a truly monumental disaster, you need people with high IQs.
Thomas Sowell
Image
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