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The demands of unbounded individualism need to be weighed in the light of inherent social constraints which can only change their form but cannot be eliminated without eliminating civilization.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Form
Individualism
Light
Inherent
Change
Demands
Without
Demand
Unbounded
Need
Civilization
Weighed
Needs
Society
Eliminated
Social
Eliminating
Cannot
Constraints
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A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.
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What is politically defined as economic planning is the forcible superseding of other people's plans by Government officials.
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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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In the string of amazing decisions made during the first year of the Obama administration, nothing seems more like sheer insanity than the decision to try foreign terrorists, who have committed acts of war against the United States, in federal court, as if they were American citizens accused of crimes.
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Given that some social processes must convey inherent constraints, the choice is among various mixtures of persuasion, force, and cultural inducement. The less of one, the more of the others. The degree of freedom that is possible is therefore tied to the extent to which people respond to persuasion or inducement.
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