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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
Senator John McCain could never convince me to vote for him. Only Hillary Clinton or Barack Obama can cause me to vote for McCain.
Thomas Sowell
Ego trips by coteries of self-exalting people are treated in the media as idealism, rather than the petty tyranny it is.
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Study after study, not only here but in other countries, show that the most affordable housing is where there has been the least government interference with the market - contrary to rhetoric.
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Media bias in editorials and columns is one thing. Media fraud in reporting 'facts' in news stories is something else. ...The issue is not what various journalists or news organizations' editorial views are. The issue is the transformation of news reporting into ideological spin, along with self-serving taboos and outright fraud.
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Sports are the reason I am out of shape. I watch them all on TV.
Thomas Sowell
If you don't control the borders, it doesn't matter what immigration laws you have.
Thomas Sowell
One of the painful signs of years of dumbed-down education is how many people are unable to make a coherent argument. They can vent their emotions, question other people's motives, make bold assertions, repeat slogans-- anything except reason.
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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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Those who cry out that the government should 'do something' never even ask for data on what has actually happened when the government did something, compared to what actually happened when the government did nothing.
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Any policy is a success by sufficiently low standards and a failure by sufficiently high standards.
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Much of the world today, including the United States, is still living in the social, cultural, and political aftermath of Britain's cultural achievements, its industrial revolution, its government of checks and balances, and its conquests around the world.
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The curse of the intelligentsia is their ability to rationalize and re-define. Ordinary people, lacking that gift, are forced to face reality.
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Trade-offs have been with us ever since the late unpleasantness in the Garden of Eden.
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Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.
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Too much of what is called 'education' is little more than an expensive isolation from reality.
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Mystical references to society and its programs to help may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats.
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If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win.
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Social values in general are incrementally variable: neither safety, diversity, rational articulation, nor morality is categorically a good thing to have more of, without limits. All are subject to diminishing returns, and ultimately negative returns.
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The more adaptability exists for a given kind of decision, the less risky it is to make plans for the future, and therefore the more likely it is that more people will make more plans in such areas.
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No individual and no generation has had enough personal experience to ignore the vast experience of the human race that is called history. Yet most of our schools and colleges today pay little attention to history. And many of our current policies repeat mistakes that were made, time and again, in the past with disastrous results.
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