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The idea that money is corrupting innocent politicians would be laughable if it did not lead to such dangerous legislation.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Lead
Dangerous
Idea
Corrupting
Money
Laughable
Political
Legislation
Ideas
Politicians
Would
Innocent
Politician

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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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What then is the intellectual advantage of civilization over primitive savagery? It is not necessarily that each civilized man has more knowledge but that he requires far less.
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Extrapolations are the last refuge of a groundless argument.
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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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The talkers and writers resent being left on the sidelines by the doers.
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If we spend our time with regrets over yesterday, and worries over what might happen tomorrow, we have no today in which to live.
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The charge is often made against the intelligentsia and other members of the anointed that their theories and the policies based on them lack common sense. But the very commonness of common sense makes it unlikely to have any appeal to the anointed. How can they be wiser and nobler than everyone else while agreeing with everyone else?
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