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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
Turns
Saved
American
Save
Means
Products
Tariffs
Jobs
Loss
Losses
Around
Industry
Sales
Mean
Higher
Prices
World
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Steel
Economy
Fewer
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To say the Constitution is living is to say that it's dead.
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Government's power to bully people who have broken no law is dangerous to all of us.
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...Politics is not about facts. It is about what politicians can get people to believe.
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A passionate commitment to social justice is no substitute for knowing what the hell you're talking about.
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The more people who are dependent on government handouts, the more votes the left can depend on for an ever-expanding welfare state.
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Those who cry out that the government should 'do something' never even ask for data on what has actually happened when the government did something, compared to what actually happened when the government did nothing.
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More than half of all people filing income tax forms use someone else to prepare the forms for them. Then they have to sign under penalty of perjury that these forms are correct. But if they were competent to determine that, why would they have to pay someone else to do their taxes for them in the first place?
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The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.
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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.
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No matter how disastrously some policy has turned out, anyone who criticizes it can expect to hear: 'But what would you replace it with?' When you put out a fire, what do you replace it with?
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Most of the founders of this country had day jobs for years. They were not career politicians. ... We need leaders with experience in the real world, not experience in the phony world of politics.
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Even squirrels know enough to store nuts, so that they will have something to eat when food gets scarce. But the welfare state has spawned a whole class of people who spend everything they get when times are good, and look to others to provide for their food and other basic needs when times turn bad.
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It is amazing how many people seem to think that the government exists to turn their prejudices into law.
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In politics, the truth is strictly optional and that also seems to be true in parts of the media.
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