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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 difference is that we have the hardest and most painful evidence that there was a Holocaust. But, for the global warming scenario that is causing such hysteria, we have only a movie made by a politician and mathematical models whose results change drastically when you change a few of the arbitrarily selected variables.
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Wise men wrote the Constitution, but clever judges have been destroying it, bit by bit, turning it into an instrument of arbitrary judicial power, instead of a limitation on all government power.
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Virtually no idea is too ridiculous to be accepted, even by very intelligent and highly educated people, if it provides a way for them to feel special and important. Some confuse that feeling with idealism.
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Politeness and consideration for others is like investing pennies and getting dollars back.
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Reality is not optional.
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Welfare states on both sides of the Atlantic have discovered that largesse to losers does not reduce their hostility to society, but only increases it. Far from producing gratitude, generosity is seen as an admission of guilt, and the reparations as inadequate compensations for injustices - leading to worsening behavior by the recipients.
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There are only two economists in Congress and hundreds of lawyers. Does that explain why the government is in such a mess?
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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.
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The left takes its vision seriously - more seriously than it takes the rights of other people. They want to be our shepherds. But that requires us to be sheep.
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In a democracy, we have always had to worry about the ignorance of the uneducated. Today we have to worry about the ignorance of people with college degrees.
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People used to complain about 'the idle rich.' But the idle rich did not do the kind of harm being done by today's busybody rich, who feed their own egos by bankrolling political crusades on the left which hurt the very people that the left claims to care about -- working people, minorities, and children.
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Deception is one of the quickest ways to gain little things and lose big things.
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Of all ignorance, the ignorance of the educated is the most dangerous. Not only are educated people likely to have more influence, they are the last people to suspect that they don't know what they are talking about when they go outside their narrow fields.
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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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In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.
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When government takes away options, it is bound to make some people worse off, even with intrinsicallly good intentions behind that government intervention.
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The idea that money is corrupting innocent politicians would be laughable if it did not lead to such dangerous legislation.
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Wal-Mart has done more for poor people then any ten liberals, at least nine of whom are almost guaranteed to hate Wal-Mart.
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If you believe in equal rights, then what do “women’s rights,” “gay rights,” etc., mean? Either they are redundant or they are violations of the principle of equal rights for all.
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Government bailouts are like potato chips: You can't stop with just one.
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