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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
Society
Paramount
Money
Prices
Must
Vast
Important
Effective
Thinking
Considered
Fast
Conveyor
Information
Coordinated
Knowledge
Fragmented

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The government is indeed an institution, but the market is nothing more than an option for each individual to chose among numerous existing institutions, or to fashion new arrangements suited to his own situation and taste.
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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.
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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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Both history and contemporary data show that countries prosper more when there are stable and dependable rules, under which people can make investments without having to fear unpredictable new government interventions before these investments can pay off.
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The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.
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When we hear about rent control or gun control, we may think about rent or guns but the word that really matters is 'control.' That is what the political left is all about, as you can see by the incessant creation of new restrictions in places where they are strongly entrenched in power, such as San Francisco or New York.
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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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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.
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Elections should be held on April 16th- the day after we pay our income taxes. That is one of the few things that might discourage politicians from being big spenders.
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When you start off by telling those who disagree with you that they are not merely in error but in sin, how much of a dialogue do you expect?
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The difference between a policy and a crusade is that a policy is judged by its results, while a crusade is judged by how good it makes its crusaders feel.
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If facts, logic, and scientific procedures are all just arbitrarily socially constructed notions, then all that is left is consensus--more specifically peer consensus, the kind of consensus that matters to adolescents or to many among the intelligentsia.
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The same set of statistics can produce opposite conclusions at different levels of aggregation.
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People who pride themselves on their complexity and deride others for being simplistic should realize that the truth is often not very complicated. What gets complex is evading the truth.
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Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow.
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No society ever thrived because it had a large and growing class of parasites living off those who produce.
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One undeniable accomplishment of Bill Clinton's presidency was that it kept Jimmy Carter from being the worst U.S. president in history.
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Rhetoric is no substitute for reality.
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In politics, throwing the taxpayers' money at disasters is supposed to show your compassion. But robbing Peter to pay Paul is not compassion. It is politics.
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...Politics is not about facts. It is about what politicians can get people to believe.
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