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Competition does a much more effective job than government at protecting consumers.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Much
Protecting
Consumers
Effective
Competition
Jobs
Doe
Government
More quotes by Thomas Sowell
The more people who are dependent on government handouts, the more votes the left can depend on for an ever-expanding welfare state.
Thomas Sowell
The Constitution cannot protect us unless we protect the Constitution.
Thomas Sowell
American prosperity and American free enterprise are both highly unusual in the world, and we should not overlook the possibility that the two are connected.
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
Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?
Thomas Sowell
There are 3 questions that would destroy most of the arguments of the Left. The first is - compared to what? The second is - at what cost? And the third is - what hard evidence do you have?
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
Over the generations, black leaders have ranged from noble souls to shameless charlatans.
Thomas Sowell
The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.
Thomas Sowell
Has Obama ever grown even a potted plant, much less a business, a bank, a hospital or any of the numerous other institutions whose decisions he wants to control and override? But he can talk glibly about growing the economy. Arrogance is no substitute for experience. That is why the country is in the mess it is in now.
Thomas Sowell
If you start from a belief that the most knowledgeable person on earth does not have even one percent of the total knowledge on earth, that shoots down social engineering, economic central planning, judicial activism, and innumerable other ambitious notions favored by the political left.
Thomas Sowell
You may scoff at the Tooth Fairy if you like. But the Tooth Fairy's approach has gotten more politicians elected than any economist's analysis.
Thomas Sowell
The Massachusetts Institute of Technology accepts blacks in the top ten percent of students, but at MIT this puts them in the bottom ten percent of the class.
Thomas Sowell
Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
Thomas Sowell
There is usually only a limited amount of damage that can be done by dull or stupid people. For creating a truly monumental disaster, you need people with high IQs.
Thomas Sowell
Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
Thomas Sowell
The black family survived centuries of slavery and generations of Jim Crow, but it has disintegrated in the wake of the liberals' expansion of the welfare state.
Thomas Sowell
Unbounded morality ultimately becomes counterproductive even in terms of the same moral principles being sought. The law of diminishing returns applies to morality.
Thomas Sowell
The talkers and writers resent being left on the sidelines by the doers.
Thomas Sowell
The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.
Thomas Sowell