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Economics is concerned with what emerges, not what anyone intended.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Emerges
Intended
Economics
Concerned
Anyone
More quotes by Thomas Sowell
When a highly successful leader retires after a long career, it is very unlikely that his successor will be of comparable caliber. Anyone of similar ability and drive would have gone somewhere else, instead of waiting in the wings for years for a chance to show his own leadership.
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Any policy is a success by sufficiently low standards and a failure by sufficiently high standards.
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What is called 'capitalism' might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who want to remain capitalists have to learn to dance to it.
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Government central planning means over-riding other people's plans.
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One of the most important skills for political success is the ability to make confident assertions of absurdities or lies.
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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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Social Engineering - The art of replacing what works with what sounds good.
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Those who wrote the Constitution clearly understood that power is dangerous and needs to be limited by being separated - separated not only into the three branches of the national government but also separated as between the whole national government, on the one hand, and the states and the people on the other.
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If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.
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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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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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The more people who are dependent on government handouts, the more votes the left can depend on for an ever-expanding welfare state.
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Those government officials who want more power are not going to stop unless they get stopped.
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Politics is the art of making your selfish desires seem like the national interest.
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Liberals are very broadminded: they are always willing to give careful consideration to both sides of the same side
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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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Even the Soviet Union, with its huge nuclear arsenal, was a threat that could be deterred by the prospect of retaliation. But suicide bombers cannot be deterred. They can only be annihilated - preemptively and unilaterally, if necessary.
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Intellectuals may like to think of themselves as people who speak truth to power but too often they are people who speak lies to gain power.
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The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.
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You don't send people to prison on the basis of what other people imagine, or on the basis of media sound bites like 'shooting an unarmed child,' when that 'child' was beating him bloody.
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