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
Economy
Fewer
Turns
Saved
American
Save
Means
Products
Tariffs
Jobs
Loss
Losses
Around
Industry
Sales
Mean
Higher
Prices
World
Turn
Steel

More quotes by Thomas Sowell

Image
Whenever someone refers to me as someone who happens to be black, I wonder if they realize that both my parents are black. If I had turned out to be Scandinavian or Chinese, people would have wondered what was going on.
Thomas Sowell
Image
What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money in so far as they succeed, even to a moderate extent, the money is taken away.
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
If we spend our time with regrets over yesterday, and worries over what might happen tomorrow, we have no today in which to live.
Thomas Sowell
Image
Deception is one of the quickest ways to gain little things and lose big things.
Thomas Sowell
Image
The more people who are dependent on government handouts, the more votes the left can depend on for an ever-expanding welfare state.
Thomas Sowell
Image
Whenever people talk glibly of a need to achieve educational excellence, I think of what an improvement it would be if our public schools could just achieve mediocrity.
Thomas Sowell
Image
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.
Thomas Sowell
Image
There is no talent so ardently supported, nor generously rewarded, as the ability to convince parasites they are victims.
Thomas Sowell
Image
The greatest danger to the liberal vision are facts about the consequences of liberalism itself and the laws, policies, and ways of life that the left has spawned. That the black family, which survived centuries of slavery and generations of discrimination, has disintegrated in the wake of the liberal welfare states is only one example.
Thomas Sowell
Image
Someone once said that the most important knowledge is knowledge of our own ignorance. Our schools are depriving millions of students of that kind of knowledge by promoting self-esteem and encouraging them to have opinions on things of which they are grossly ignorant, if not misinformed.
Thomas Sowell
Image
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.
Thomas Sowell
Image
Progress in general seems to hold little interest for people who call themselves 'progressives.' What arouses them are denunciations of social failures and accusations of wrong-doing.
Thomas Sowell
Image
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.
Thomas Sowell
Image
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.
Thomas Sowell
Image
No society ever thrived because it had a large and growing class of parasites living off those who produce.
Thomas Sowell
Image
Ego trips by coteries of self-exalting people are treated in the media as idealism, rather than the petty tyranny it is.
Thomas Sowell
Image
As far as party primaries are concerned, both Republican - and Democratic - Party primaries are dominated by the most zealous voters, whose views may not reflect the views of most members of their own respective parties, much less the views of those who are going to vote in the November general election.
Thomas Sowell
Image
What 'multiculturalism' boils down to is that you can praise any culture in the world except Western culture - and you cannot blame any culture in the world except Western culture.
Thomas Sowell
Image
If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.
Thomas Sowell