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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.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Realize
Deride
Gets
Evading
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Often
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More quotes by Thomas Sowell
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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Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.
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Too often what are called educated people are simply people who have been sheltered from reality for years in ivy-covered buildings. Those whose whole careers have been spent in ivy-covered buildings, insulated by tenure, can remain adolescents on into their golden retirement years.
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Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.
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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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One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.
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The idealism of the left is a very selfish idealism. In their war against 'the rich' and big business, they don't care how much collateral damage there is to workers who end up end up unemployed.
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However widespread the desire to be free, that is wholly different from a desire to live in a society where others are free.
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When people get used to preferential treatment, equal treatment seems like discrimination.
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You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.
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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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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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Intellect is not wisdom.
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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.
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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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Egalitarians create the most dangerous inequality of all - inequality of power. Allowing politicians to determine what all other human beings will be allowed to earn is one of the most reckless gambles imaginable. Like the income tax, it may start off being applied only to the rich but it will inevitably reach us all.
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Anyone who does not understand the utter cynicism of politics does not understand politics.
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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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Much of the self-righteous nonsense that abounds on so many subjects cannot stand up to three questions: (1) Compared to what? (2) At what cost? and (3) What are the hard facts?.
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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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