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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.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Running
Blanket
Come
Superiority
Whole
Communism
Socialism
Assuming
Disaster
Economy
Economic
Disasters
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To say the Constitution is living is to say that it's dead.
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There is no question that liberals do an impressive job of expressing concern for blacks. But do the intentions expressed in their words match the actual consequences of their deeds?
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Of all ignorance, the ignorance of the educated is the most dangerous. Not only are educated people likely to have more influence, they are the last people to suspect that they don't know what they are talking about when they go outside their narrow fields.
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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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Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.
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Study after study, not only here but in other countries, show that the most affordable housing is where there has been the least government interference with the market - contrary to rhetoric.
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The curse of the intelligentsia is their ability to rationalize and re-define. Ordinary people, lacking that gift, are forced to face reality.
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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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Government's power to bully people who have broken no law is dangerous to all of us.
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The government does not have some magic wand that can 'bring down the cost of health care.' It can buy a smaller quantity or lower quality of medical care, as other countries with government-run medical care do.
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No one will really understand politics until they understand that politicians are not trying to solve our problems. They are trying to solve their own problems - of which getting elected and re-elected are number one and number two. Whatever is number three is far behind.
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You do not need proof for what people want to believe.
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Young people in general - and young women in particular - need to understand that they cannot retrieve in their forties the opportunities they threw away in their twenties.
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We might have been better off if the question of Obama's patriotism had been raised before he was first elected. Never should we ignore so many red flag warnings again.
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If you don't believe in the innate unreasonableness of human beings, just try raising children.
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Both history and contemporary data show that countries prosper more when there are stable and dependable rules, under which people can make investments without having to fear unpredictable new government interventions before these investments can pay off.
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Sports are the reason I am out of shape. I watch them all on TV.
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The law of diminishing returns means that even the most beneficial prinicple will become harmful if carried far enough.
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Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
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Much of the world today, including the United States, is still living in the social, cultural, and political aftermath of Britain's cultural achievements, its industrial revolution, its government of checks and balances, and its conquests around the world.
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