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The principles applied in economic processes are general social principles.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Principles
Economic
Process
Social
Applied
Processes
General

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Just as any moron can destroy a priceless Ming vase, so the shallow and ill-educated people who run our schools can undermine and destroy from within a great civilization that took centuries of dedicated effort to create and maintain.
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The anointed don't like to talk about painful trade-offs. They like to talk about happy solutionsthat get rid of the whole problem- at least in their imagination.
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Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.
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You have to have a sense of humor if you follow politics. Otherwise, the sheer fraudulence of it all will get you down.
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If you don't control the borders, it doesn't matter what immigration laws you have.
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People who pride themselves on their complexity and deride others for being simplistic should realize that the truth is often not very complicated. What gets complex is evading the truth.
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The difference between a policy and a crusade is that a policy is judged by its results, while a crusade is judged by how good it makes its crusaders feel.
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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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Egalitarians create the most dangerous inequality of all - inequality of power. Allowing politicians to determine what all other human beings will be allowed to earn is one of the most reckless gambles imaginable. Like the income tax, it may start off being applied only to the rich but it will inevitably reach us all.
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'Fair' is one of the most dangerous concepts in politics. Since no two people are likely to agree on what is 'fair,' this means that there must be some third party with power - the government - to impose its will. The road to despotism is paved with 'fairness'.
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Elections should be held on April 16th- the day after we pay our income taxes. That is one of the few things that might discourage politicians from being big spenders.
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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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Has Obama ever grown even a potted plant, much less a business, a bank, a hospital or any of the numerous other institutions whose decisions he wants to control and override? But he can talk glibly about growing the economy. Arrogance is no substitute for experience. That is why the country is in the mess it is in now.
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Another way of verbally masking elite preemption of other people's decisions is to use the word 'ask'-as in 'We are just asking everyone to pay their fair share.' But of course governments do not ask, they: tell. The Internal Revenue Service does not 'ask' for contributions. It takes.
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How much more of an injustice is it that people who work get more money than people who don't work?
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It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
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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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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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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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