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Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Important
Effective
Thinking
Considered
Fast
Conveyor
Information
Coordinated
Knowledge
Fragmented
Society
Paramount
Money
Prices
Must
Vast
More quotes by Thomas Sowell
I wish that some way could be found to add up all the staggering costs imposed on millions of ordinary people, just so a relative handful of self-righteous environmental cultists can go around feeling puffed up with themselves.
Thomas Sowell
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
I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money.
Thomas Sowell
The old adage about giving a man a fish versus teaching him how to fish has been updated by a reader: Give a man a fish and he will ask for tartar sauce and French fries! Moreover, some politician who wants his vote will declare all these things to be among his 'basic rights.'
Thomas Sowell
Barack Obama has not only said that he is out to 'change the United States of America,' the people he has been associated with for years have expressed in words and deeds their hostility to the values, the principles and the people of this country.
Thomas Sowell
Some of the people on death row today might not be there if the courts had not been so lenient on them when they were first offenders.
Thomas Sowell
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.
Thomas Sowell
By the end of the 20th century, liberals had again discredited themselves, to the point where they went back to calling themselves progressives to escape their past, much as people do when they declare bankruptcy.
Thomas Sowell
Social Engineering - The art of replacing what works with what sounds good.
Thomas Sowell
Those who wrote the Constitution clearly understood that power is dangerous and needs to be limited by being separated - separated not only into the three branches of the national government but also separated as between the whole national government, on the one hand, and the states and the people on the other.
Thomas Sowell
Government bailouts are like potato chips: You can't stop with just one.
Thomas Sowell
Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.
Thomas Sowell
Nobody is equal to anybody. Even the same man is not equal to himself on different days.
Thomas Sowell
The government does not have some magic wand that can 'bring down the cost of health care.' It can buy a smaller quantity or lower quality of medical care, as other countries with government-run medical care do.
Thomas Sowell
The murder of a dozen innocent people is unquestionably a human tragedy. But that is no excuse for reacting blindly by preventing hundreds of thousands of other people from defending themselves against meeting the same fate.
Thomas Sowell
Fairness' is one of the great mantras of the left. Since everyone has his own definition of fairness, that word is a blank check for the expansion of government power. What fairness means in practice is that third parties -- busybodies -- can prevent mutual accommodations by others.
Thomas Sowell
Life does not ask what we want. It presents us with options
Thomas Sowell
Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.
Thomas Sowell
Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.
Thomas Sowell
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.
Thomas Sowell
