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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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There are only two economists in Congress and hundreds of lawyers. Does that explain why the government is in such a mess?
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The left takes its vision seriously - more seriously than it takes the rights of other people. They want to be our shepherds. But that requires us to be sheep.
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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 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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Central planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.
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If we become a people who are willing to give up our money and our freedom in exchange for rhetoric and promises, then nothing can save us.
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I wish that some way could be found to add up all the staggering costs imposed on millions of ordinary people, just so a relative handful of self-righteous environmental cultists can go around feeling puffed up with themselves.
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In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.
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Life in general has never been even close to fair, so the pretense that the government can make it fair is a valuable and inexhaustible asset to politicians who want to expand government.
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We should listen first and foremost to our own experience We should stop looking for saviors.Society has not existed for thousands of years because it had a succession of saviors. It's existed because it has institutions and processes through which people can realize their own goals.
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Over the generations, black leaders have ranged from noble souls to shameless charlatans.
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One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.
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Trade-offs have been with us ever since the late unpleasantness in the Garden of Eden.
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The way to get people's votes is to say that all their problems are caused by other people, and that you will stop those other people from giving them trouble. But if you really want to help, then you can tell them the truth and risk losing their votes.
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By the end of the 20th century, liberals had again discredited themselves, to the point where they went back to calling themselves progressives to escape their past, much as people do when they declare bankruptcy.
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Too often the past has been twisted to fit the visions and agendas of the present.
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The great allure of government programs in general for many people is that these programs allow decisions to be made without having to worry about the constraints of prices, which confront people at every turn in a free market.
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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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People who talk incessantly about change are often dogmatically set in their ways. They want to change other people.
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The economic disasters of socialism and communism come from assuming a blanket superiority of those who want to run a whole economy.
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