Quote

As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.

Thomas Sowell

Change background

T
T
T

Change font

TAGS & TOPICS

Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Shoes
Wait
Usually
Shortage
Control
Shoe
Hear
Economist
Waiting
Drop
Word
Price
Whenever

More quotes by Thomas Sowell

Image
It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.
Thomas Sowell
Image
Sports are the reason I am out of shape. I watch them all on TV.
Thomas Sowell
Image
What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money in so far as they succeed, even to a moderate extent, the money is taken away.
Thomas Sowell
Image
Barack Obama has not only said that he is out to 'change the United States of America,' the people he has been associated with for years have expressed in words and deeds their hostility to the values, the principles and the people of this country.
Thomas Sowell
Image
Senator John McCain could never convince me to vote for him. Only Hillary Clinton or Barack Obama can cause me to vote for McCain.
Thomas Sowell
Image
You can only confiscate the wealth that exists at a given moment. You cannot confiscate future wealth - and that future wealth is less likely to be produced when people see that it is going to be confiscated.
Thomas Sowell
Image
What makes it possible for politicians to do so many things that are economically counterproductive is that neither the public nor the media know enough of the basics to understand what's wrong with what they're saying.
Thomas Sowell
Image
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
Image
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.
Thomas Sowell
Image
Government central planning means over-riding other people's plans.
Thomas Sowell
Image
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.
Thomas Sowell
Image
Ego trips by coteries of self-exalting people are treated in the media as idealism, rather than the petty tyranny it is.
Thomas Sowell
Image
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
Image
If you believe in equal rights, then what do “women’s rights,” “gay rights,” etc., mean? Either they are redundant or they are violations of the principle of equal rights for all.
Thomas Sowell
Image
If you don't control the borders, it doesn't matter what immigration laws you have.
Thomas Sowell
Image
Even when black youth gangs target white strangers on the streets and spew out racial hatred as they batter them and rob them, mayors, police chiefs and the media tiptoe around their racism and many in the media either don't cover these stories or leave out the race and racism involved.
Thomas Sowell
Image
Central planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.
Thomas Sowell
Image
One of the most important skills for political success is the ability to make confident assertions of absurdities or lies.
Thomas Sowell
Image
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
Image
Creating whole departments of ethnic, gender, and other 'studies' was part of the price of academic peace. All too often, these 'studies' are about propaganda rather than serious education.
Thomas Sowell