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Our economic problems worry me much less than our political solutions, which have a far worse track record.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Worry
Economic
Less
Track
Political
Solutions
Problem
Worse
Much
Record
Problems
Records
More quotes by Thomas Sowell
Stupid people can cause problems, but it usually takes brilliant people to create a real catastrophe.
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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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Some of the people on death row today might not be there if the courts had not been so lenient on them when they were first offenders.
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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.
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We're not a socialist country, because the socialists believe in government ownership in the means of production, but the fascists believe that the government should have private ownership and the politicians should tell people how to run the businesses. So that's the route we seem to be going.
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Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.
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Sports are the reason I am out of shape. I watch them all on TV.
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The political mirage of something for nothing, from leaders who 'care,' has ruined many a nation.
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As far as party primaries are concerned, both Republican - and Democratic - Party primaries are dominated by the most zealous voters, whose views may not reflect the views of most members of their own respective parties, much less the views of those who are going to vote in the November general election.
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Since the government creates no wealth, it can only transfer the wealth required to hire people. Even if the government creates a million jobs, that is not a net increase in jobs, when the money that pays for those jobs is taken from the private sector, which loses that much ability to create private jobs.
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Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.
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Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.
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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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Too much of what is called 'education' is little more than an expensive isolation from reality.
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Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.
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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.
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If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.
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There are 3 questions that would destroy most of the arguments of the Left. The first is - compared to what? The second is - at what cost? And the third is - what hard evidence do you have?
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In politics, the truth is strictly optional and that also seems to be true in parts of the media.
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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.
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