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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.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Nothing
Market
Suited
Institutions
Numerous
Taste
Option
Among
Arrangements
Fashion
Institution
Situation
Chose
Individual
Existing
Government
Indeed
More quotes by Thomas Sowell
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
In the string of amazing decisions made during the first year of the Obama administration, nothing seems more like sheer insanity than the decision to try foreign terrorists, who have committed acts of war against the United States, in federal court, as if they were American citizens accused of crimes.
Thomas Sowell
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Thomas Sowell
Rhetoric is no substitute for reality.
Thomas Sowell
Hilary Clinton said you know, it takes a village to raise a child and somebody said it takes a village idiot to believe that … it is part of the whole thing of third parties wanting to make decisions for which they pay no price for when they’re wrong.
Thomas Sowell
People used to say, Ignorance is no excuse. Today, ignorance is no problem. After all, you have a right to your own opinion - and self-esteem to boot.
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
No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems - of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.
Thomas Sowell
When a highly successful leader retires after a long career, it is very unlikely that his successor will be of comparable caliber. Anyone of similar ability and drive would have gone somewhere else, instead of waiting in the wings for years for a chance to show his own leadership.
Thomas Sowell
Some full professors could more accurately be described as empty professors.
Thomas Sowell
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.
Thomas Sowell
More than half of all people filing income tax forms use someone else to prepare the forms for them. Then they have to sign under penalty of perjury that these forms are correct. But if they were competent to determine that, why would they have to pay someone else to do their taxes for them in the first place?
Thomas Sowell
We might have been better off if the question of Obama's patriotism had been raised before he was first elected. Never should we ignore so many red flag warnings again.
Thomas Sowell
Just what is it that academics have to fear if they stand up for common decency, instead of letting campus barbarians run amok?
Thomas Sowell
The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion.
Thomas Sowell
Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.
Thomas Sowell
Politics is largely the process of taking credit and putting the blame on others - regardless of what the facts may be.
Thomas Sowell
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.
Thomas Sowell
It is amazing how many people seem to think that the government exists to turn their prejudices into law.
Thomas Sowell
Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.
Thomas Sowell