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The talkers and writers resent being left on the sidelines by the doers.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Writers
Left
Sidelines
Talkers
Doers
Resent

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The same set of statistics can produce opposite conclusions at different levels of aggregation.
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The welfare state is not really about the welfare of the masses. It is about the egos of the elites.
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Some full professors could more accurately be described as empty professors.
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The government is indeed an institution, but the market is nothing more than an option for each individual to chose among numerous existing institutions, or to fashion new arrangements suited to his own situation and taste.
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You don't send people to prison on the basis of what other people imagine, or on the basis of media sound bites like 'shooting an unarmed child,' when that 'child' was beating him bloody.
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Someone once said that many bad policies are just good policies that have been carried too far. For example, we have taken tolerance to such an extreme that we tolerate the immigration into our country of millions of intolerant people who hate millions of Americans who are already here.
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If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten you labeled a radical 60 years ago, a liberal 30 years ago and a racist today.
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People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are paid much more than they are worth. People who know nothing about medicine and nothing about economics unhesi.
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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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Extrapolations are the last refuge of a groundless argument.
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Social Engineering - The art of replacing what works with what sounds good.
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Politeness and consideration for others is like investing pennies and getting dollars back.
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People who know nothing about advertising, nothing about pharmaceuticals, and nothing about economics have been loudly proclaiming that the drug companies spend too much on advertising - and demanding that the government pass laws based on their ignorance.
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Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?
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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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Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.
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It takes considerable knowledge just to realize the extent of your own ignorance.
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Some of the most vocal critics of the way things are being done are people who have done nothing themselves, and whose only contributions to society are their complaints and moral exhibitionism.
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Unbounded morality ultimately becomes counterproductive even in terms of the same moral principles being sought. The law of diminishing returns applies to morality.
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Nobody is equal to anybody. Even the same man is not equal to himself on different days.
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