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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
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.
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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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You have to have a sense of humor if you follow politics. Otherwise, the sheer fraudulence of it all will get you down.
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Over the generations, black leaders have ranged from noble souls to shameless charlatans.
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Do countries with strong gun control laws have lower murder rates? Only if you cherry-pick the data.
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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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Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.
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Social Engineering - The art of replacing what works with what sounds good.
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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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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.
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The political mirage of something for nothing, from leaders who 'care,' has ruined many a nation.
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Racism does not have a good track record. It's been tried out for a long time and you'd think by now we'd want to put an end to it instead of putting it under new management.
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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.
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Riskier mortgage lending practices, imposed by government, were what set the stage for many mortgage payments to stop and thus for the financial disasters that followed. Political rhetoric, echoed in the media, seeks to obscure that painfully plain fact.
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One of the painfully sobering realizations that come from reading history is the utter incompetence that is possible among leaders of whole nations and empires - and the blind faith that such leaders can nevertheless inspire among the people who are enthralled by their words or their posturing.
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Rhetoric is no substitute for reality.
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The reason so many problems do not get solved in Washington is that solving those problems is not the No. 1 priority: Re-election is.
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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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People who pride themselves on their complexity and deride others for being simplistic should realize that the truth is often not very complicated. What gets complex is evading the truth.
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The principles applied in economic processes are general social principles.
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