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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
Disaster
Economy
Economic
Disasters
Running
Blanket
Come
Superiority
Whole
Communism
Socialism
Assuming
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Too much of what is called 'education' is little more than an expensive isolation from reality.
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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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Whenever people talk glibly of a need to achieve educational excellence, I think of what an improvement it would be if our public schools could just achieve mediocrity.
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There is no bigger waste of time than doing 90% of what is necessary.
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An inmate in a Florida prison wrote to agree with me on the availability of guns, saying that a 'criminal can and will get a stolen gun faster than you can get your car washed.' He also points out that many criminals prefer guns gotten illegally, since they will be harder to trace.
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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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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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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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People have a vested interest in promoting one set of polices rather than finding out what the truth is.
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Our economic problems worry me much less than our political solutions, which have a far worse track record.
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When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.
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There is usually only a limited amount of damage that can be done by dull or stupid people. For creating a truly monumental disaster, you need people with high IQs.
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People who decry the fact that businesses are in business just to make money seldom understand the implications of what they are saying. You make money by doing what other people want, not what you want.
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Too many people - some of them judges - seem to think that freedom of speech means freedom from consequences for what you have said. If you believe that, try insulting your boss when you go to work tomorrow. Better yet, try insulting your spouse before going to bed tonight.
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However widespread the desire to be free, that is wholly different from a desire to live in a society where others are free.
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When all is said and done, the Constitution of the United States is a set of words on a piece of paper. The only way that the Constitution can protect us is if we protect the Constitution.
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It is amazing how many people think that they can answer an argument by attributing bad motives to those who disagree with them. Using this kind of reasoning, you can believe or not believe anything about anything, without having to bother to deal with facts or logic.
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