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American society in recent years has been imitating behavior patterns that have produced negative - and sometimes catastrophic - consequences in many other countries around the world.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
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More quotes by Thomas Sowell
The government is now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s - use a crisis of the times to create new institutions that will last for generations. To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s.
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If increased government spending with borrowed or newly created money is a 'stimulus,' then the Weimar Republic should have been stimulated to unprecedented prosperity, instead of runaway inflation and widespread economic desperation that ultimately brought Adolf Hitler to power.
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The political mirage of something for nothing, from leaders who 'care,' has ruined many a nation.
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If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win.
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I have never understood why it is greed to want to keep the money you have earned but not greed to want to take somebody else's money.
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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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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.
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The welfare state is not really about the welfare of the masses. It is about the egos of the elites.
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All too often, we do smart things only after exhausting every conceivable dumb thing we could have done.
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People who talk incessantly about change are often dogmatically set in their ways. They want to change other people.
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Economics is concerned with what emerges, not what anyone intended.
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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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Compassion is the use of public funds to buy votes
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Many people, including some conservatives, have been very impressed with how brainy the president and his advisers are. But that is not quite as reassuring as it might seem.
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Wise men wrote the Constitution, but clever judges have been destroying it, bit by bit, turning it into an instrument of arbitrary judicial power, instead of a limitation on all government power.
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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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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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The fashionable idiocy that haters must have justifications is one of those ideas that George Orwell said only an intellectual could believe -- because no one else could be such a fool.
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Anyone who does not understand the utter cynicism of politics does not understand politics.
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To say that 'wealth in America is so unfairly distributed in America,' as Ronald Dworkin does, is grossly misleading when most wealth in the United States is not distributed: at all. People create it, earn it, save it, and spend it.
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