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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
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Life
Savings
People
Vegas
Ill
Saving
Bailing
Lost
Mortgages
Sense
Casinos
Makes
Advised
Made
Mortgage
More quotes by Thomas Sowell
The biggest difference between people is between those who are trying to do the right thing - whether or not they succeed - and those for whom the only question is how much they can get away with.
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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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Liberalism is totalitarianism with a human face.
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Too many people - some of them judges - seem to think that freedom of speech means freedom from consequences for what you have said. If you believe that, try insulting your boss when you go to work tomorrow. Better yet, try insulting your spouse before going to bed tonight.
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Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
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The political mirage of something for nothing, from leaders who 'care,' has ruined many a nation.
Thomas Sowell
The government is now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s - use a crisis of the times to create new institutions that will last for generations. To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s.
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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.
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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'.
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In medicine, it has long been recognized that even a quack remedy that is harmless in itself can be fatal when it substitutes for an effective medication or treatment. The time is overdue for that same recognition to apply to politics.
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The reason so many people misunderstand so many issues is not that these issues are so complex, but that people do not want a factual or analytical explanation that leaves them emotionally unsatisfied. They want villains to hate and heroes to cheer - and they don't want explanations that do not give them that.
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The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.
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Morality, like other inputs into the social process, follows the law of diminishing returns- meaning ultimately, negative returns. People can be too moral.
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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.
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The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.
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You cannot take any people, of any color, and exempt them from the requirements of civilization - including work, behavioral standards, personal responsibility, and all the other basic things that the clever intelligentsia disdain - without ruinous consequences to them and to society at large.
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Too many policies, programs and institutions are judged by what they are supposed to do, rather than by what they actually do and the consequences of their actions.
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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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The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is he confuses it with feeling.
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Creating whole departments of ethnic, gender, and other 'studies' was part of the price of academic peace. All too often, these 'studies' are about propaganda rather than serious education.
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