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Despite a voluminous and often fervent literature on income distribution, the cold fact is that most income is not distributed: It is earned.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Literature
Earned
Fact
Distribution
Often
Prosperity
Facts
Economics
Political
Despite
Income
Voluminous
Cold
Distributed
Philosophy
Fervent

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Before the Iraq war I was quite disturbed by some of the neoconservatives, who were saying things like, What is the point of being a superpower if you can't do such-and-such, take on these responsibilities? The point of being a superpower is that people will leave you alone.
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Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.
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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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