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You cannot subsidize irresponsibility and expect people to become more responsible.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Responsible
Cannot
Become
People
Subsidize
Irresponsibility
Expect
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Competition does a much more effective job than government at protecting consumers.
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A passionate commitment to social justice is no substitute for knowing what the hell you're talking about.
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It is amazing how many people seem to think that the government exists to turn their prejudices into law.
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If politicians were serious about day care for children, instead of just sloganizing about it, nothing they could do would improve the quality of child care more than by lifting the heavy burden of taxation that forces so many families to have both parents working.
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Morality, like other inputs into the social process, follows the law of diminishing returns- meaning ultimately, negative returns. People can be too moral.
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All too often, we do smart things only after exhausting every conceivable dumb thing we could have done.
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What freedom does a starving man have? The answer is that starvation is a tragic human condition- perhaps more tragic than loss of freedom. That does not prevent these from being two different things.
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There is no talent so ardently supported, nor generously rewarded, as the ability to convince parasites they are victims.
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If you want to get each individual's honest opinion, you don't want that opinion to be influenced by others who are present, much less allow a group to coordinate what they are going to say.
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The old adage about giving a man a fish versus teaching him how to fish has been updated by a reader: Give a man a fish and he will ask for tartar sauce and French fries! Moreover, some politician who wants his vote will declare all these things to be among his 'basic rights.'
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People have a vested interest in promoting one set of polices rather than finding out what the truth is.
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Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.
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Anyone who has actually had to take responsibility for consequences by running any kind of enterprise whether economic or academic, or even just managing a sports team is likely at some point to be chastened by either the setbacks brought on by his own mistakes or by seeing his successes followed by negative consequences that he never anticipated.
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People who know nothing about advertising, nothing about pharmaceuticals, and nothing about economics have been loudly proclaiming that the drug companies spend too much on advertising - and demanding that the government pass laws based on their ignorance.
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