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Some full professors could more accurately be described as empty professors.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
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The idea that money is corrupting innocent politicians would be laughable if it did not lead to such dangerous legislation.
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Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.
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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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People who decry the fact that businesses are in business just to make money seldom understand the implications of what they are saying. You make money by doing what other people want, not what you want.
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Trade-offs have been with us ever since the late unpleasantness in the Garden of Eden.
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In medicine, it has long been recognized that even a quack remedy that is harmless in itself can be fatal when it substitutes for an effective medication or treatment. The time is overdue for that same recognition to apply to politics.
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One of the reasons for conspiracy theories is an assumption that people in high places always know what they are doing. When they do something that makes no sense, devious reasons are imagined by conspiracy theorists, when in fact it may be due to plain old ignorance and incompetence.
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You may scoff at the Tooth Fairy if you like. But the Tooth Fairy's approach has gotten more politicians elected than any economist's analysis.
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The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.
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Welfare states on both sides of the Atlantic have discovered that largesse to losers does not reduce their hostility to society, but only increases it. Far from producing gratitude, generosity is seen as an admission of guilt, and the reparations as inadequate compensations for injustices - leading to worsening behavior by the recipients.
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You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.
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Government's power to bully people who have broken no law is dangerous to all of us.
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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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Wise men wrote the Constitution, but clever judges have been destroying it, bit by bit, turning it into an instrument of arbitrary judicial power, instead of a limitation on all government power.
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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.
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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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Too many people - some of them judges - seem to think that freedom of speech means freedom from consequences for what you have said. If you believe that, try insulting your boss when you go to work tomorrow. Better yet, try insulting your spouse before going to bed tonight.
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There is no bigger waste of time than doing 90% of what is necessary.
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Those government officials who want more power are not going to stop unless they get stopped.
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To say that 'wealth in America is so unfairly distributed in America,' as Ronald Dworkin does, is grossly misleading when most wealth in the United States is not distributed: at all. People create it, earn it, save it, and spend it.
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