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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

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Like
Gotten
Politicians
Analysis
Teeth
Scoff
Politician
Tooth
Approach
Economist
Political
Elected
May
Fairy

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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.
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Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.
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I wish that some way could be found to add up all the staggering costs imposed on millions of ordinary people, just so a relative handful of self-righteous environmental cultists can go around feeling puffed up with themselves.
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In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.
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Deception is one of the quickest ways to gain little things and lose big things.
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Of all ignorance, the ignorance of the educated is the most dangerous. Not only are educated people likely to have more influence, they are the last people to suspect that they don't know what they are talking about when they go outside their narrow fields.
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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?
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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.
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People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are paid much more than they are worth. People who know nothing about medicine and nothing about economics unhesi.
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The fashionable idiocy that haters must have justifications is one of those ideas that George Orwell said only an intellectual could believe -- because no one else could be such a fool.
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Wal-Mart has done more for poor people then any ten liberals, at least nine of whom are almost guaranteed to hate Wal-Mart.
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Trade-offs have been with us ever since the late unpleasantness in the Garden of Eden.
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Intellect is not wisdom.
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If we become a people who are willing to give up our money and our freedom in exchange for rhetoric and promises, then nothing can save us.
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Just as any moron can destroy a priceless Ming vase, so the shallow and ill-educated people who run our schools can undermine and destroy from within a great civilization that took centuries of dedicated effort to create and maintain.
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The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare state benefits - food stamps, housing subsidies and the like - if their income goes up.
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In politics, the truth is strictly optional and that also seems to be true in parts of the media.
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Nobody is equal to anybody. Even the same man is not equal to himself on different days.
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Progress in general seems to hold little interest for people who call themselves 'progressives.' What arouses them are denunciations of social failures and accusations of wrong-doing.
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The economic disasters of socialism and communism come from assuming a blanket superiority of those who want to run a whole economy.
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