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When government takes away options, it is bound to make some people worse off, even with intrinsicallly good intentions behind that government intervention.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Even
Intention
Make
Worse
Good
Behinds
People
Behind
Options
Liberty
Intervention
Takes
Intentions
Away
Bound
Government
Bounds
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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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Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.
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If you can't beat them or join them, then do something weird. No matter how much the passengers eat, the weight of the plane stays the same. Do you sometimes feel that you are necessary but not sufficient?
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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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As long as human beings are imperfect, there will always be arguments for extending the power of government to deal with these imperfections. The only logical stopping place is totalitarianism -- unless we realize that tolerating imperfections is the price of freedom.
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Let's face it, most of us are not half as smart as we may sometimes think we are-- and for intellectuals, not one-tenth as smart.
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In a democracy, we have always had to worry about the ignorance of the uneducated. Today we have to worry about the ignorance of people with college degrees.
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The principles applied in economic processes are general social principles.
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Riskier mortgage lending practices, imposed by government, were what set the stage for many mortgage payments to stop and thus for the financial disasters that followed. Political rhetoric, echoed in the media, seeks to obscure that painfully plain fact.
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The reason so many problems do not get solved in Washington is that solving those problems is not the No. 1 priority: Re-election is.
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The fatal attraction of government is that it allows busybodies to impose decisions on others without paying any price themselves. That enables them to act as if there were no price, even when there are ruinous prices - paid by others.
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Anyone who does not understand the utter cynicism of politics does not understand politics.
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The idealism of the left is a very selfish idealism. In their war against 'the rich' and big business, they don't care how much collateral damage there is to workers who end up end up unemployed.
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You do not need proof for what people want to believe.
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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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People used to complain about 'the idle rich.' But the idle rich did not do the kind of harm being done by today's busybody rich, who feed their own egos by bankrolling political crusades on the left which hurt the very people that the left claims to care about -- working people, minorities, and children.
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Those government officials who want more power are not going to stop unless they get stopped.
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If you don't control the borders, it doesn't matter what immigration laws you have.
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If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 60 years ago, a liberal 30 years ago and a racist today.
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An inmate in a Florida prison wrote to agree with me on the availability of guns, saying that a 'criminal can and will get a stolen gun faster than you can get your car washed.' He also points out that many criminals prefer guns gotten illegally, since they will be harder to trace.
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