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People who talk incessantly about change are often dogmatically set in their ways. They want to change other people.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Dogmatically
Incessantly
Ways
Talk
Often
Change
Way
People
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In the United States, liberals have made it virtually impossible [to increase the supply of oil] by banning drilling in all sorts of places and preventing any new refinery from being built anywhere in the country in the last 30 years.
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Mystical references to society and its programs to help may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats.
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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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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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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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...Politics is not about facts. It is about what politicians can get people to believe.
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Even when black youth gangs target white strangers on the streets and spew out racial hatred as they batter them and rob them, mayors, police chiefs and the media tiptoe around their racism and many in the media either don't cover these stories or leave out the race and racism involved.
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While rationalism at the individual level is a plea for more personal autonomy from cultural norms, at the social level it is often a claim- or arrogation- of power to stifle the autonomy of others.
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I am so old that I can remember when liberals were liberal - instead of being intolerant of anything and anybody that is not politically correct.
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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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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.
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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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Politics is largely the process of taking credit and putting the blame on others - regardless of what the facts may be.
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Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.
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The same set of statistics can produce opposite conclusions at different levels of aggregation.
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Virtually no idea is too ridiculous to be accepted, even by very intelligent and highly educated people, if it provides a way for them to feel special and important. Some confuse that feeling with idealism.
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Some full professors could more accurately be described as empty professors.
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One undeniable accomplishment of Bill Clinton's presidency was that it kept Jimmy Carter from being the worst U.S. president in history.
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The fact that the market is not doing what we wish it would do is no reason to automatically assume that the government would do better.
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It is amazing how many people seem to think that the government exists to turn their prejudices into law.
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