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Trade-offs have been with us ever since the late unpleasantness in the Garden of Eden.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Trade
Late
Since
Ever
Unpleasantness
Offs
Eden
Garden
More quotes by Thomas Sowell
You may have the right to live anyway you like, but you don't have a right to have other people like it. Respect it or pay for it.
Thomas Sowell
What is called 'capitalism' might more accurately be called consumerism. It is the consumers who call the tune, and those capitalists who want to remain capitalists have to learn to dance to it.
Thomas Sowell
Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.
Thomas Sowell
The minimum wage law very cleverly is misnamed. The real minimum wage is zero. That is what many inexperienced and low skilled people receive as a result of legislation that makes it illegal to pay them what they are currently worth to an employer.
Thomas Sowell
The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.
Thomas Sowell
You do not need proof for what people want to believe.
Thomas Sowell
If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves
Thomas Sowell
Whether as a radical student, a community organizer or a far left politician, Barack Obama's ideology has been based on a vision of the Haves versus the Have Nots. . .Obama's ideology is an ideology of envy, resentment, and payback.
Thomas Sowell
Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos.
Thomas Sowell
American prosperity and American free enterprise are both highly unusual in the world, and we should not overlook the possibility that the two are connected.
Thomas Sowell
In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.
Thomas Sowell
If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win.
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Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
Thomas Sowell
Over the generations, black leaders have ranged from noble souls to shameless charlatans.
Thomas Sowell
Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.
Thomas Sowell
The principles applied in economic processes are general social principles.
Thomas Sowell
Reality is not optional.
Thomas Sowell
A passionate commitment to social justice is no substitute for knowing what the hell you're talking about.
Thomas Sowell
It is hard to read a newspaper or watch a television newscast without encountering someone who has come up with a new 'solution' to society's 'problems.'
Thomas Sowell
Benedict Arnold was a war hero, wounded in battle--before he turned against his country. Hitler was likewise a decorated and wounded veteran of the First World War. Being a war hero is not a lifetime...exempt[ion]...from responsibility for what you do thereafter.
Thomas Sowell