Quote

People who know nothing about advertising, nothing about pharmaceuticals, and nothing about economics have been loudly proclaiming that the drug companies spend too much on advertising - and demanding that the government pass laws based on their ignorance.

Thomas Sowell

Change background

T
T
T

Change font

TAGS & TOPICS

Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Government
Pass
Nothing
Laws
Pharmaceuticals
Much
Drug
Proclaiming
People
Based
Loudly
Ignorance
Demanding
Spend
Advertising
Company
Companies
Law
Economics

More quotes by Thomas Sowell

Image
Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.
Thomas Sowell
Image
The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.
Thomas Sowell
Image
Politics is the art of making your selfish desires seem like the national interest.
Thomas Sowell
Image
When a highly successful leader retires after a long career, it is very unlikely that his successor will be of comparable caliber. Anyone of similar ability and drive would have gone somewhere else, instead of waiting in the wings for years for a chance to show his own leadership.
Thomas Sowell
Image
If we become a people who are willing to give up our money and our freedom in exchange for rhetoric and promises, then nothing can save us.
Thomas Sowell
Image
Each day, as I take various pills, I realize that without those pills I might not be alive -- and, if I were, life would not be worth living. Yet those who produce these medications are under constant attack from people who produce nothing.
Thomas Sowell
Image
Someone once said that many bad policies are just good policies that have been carried too far. For example, we have taken tolerance to such an extreme that we tolerate the immigration into our country of millions of intolerant people who hate millions of Americans who are already here.
Thomas Sowell
Image
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.
Thomas Sowell
Image
Barack Obama's vision of America is one in which a President of the United States can fire the head of General Motors, tell banks how to bank, control the medical system and take charge of all sorts of other activities for which neither he nor other politicians have any expertise or experience.
Thomas Sowell
Image
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.
Thomas Sowell
Image
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'.
Thomas Sowell
Image
Much of the world today, including the United States, is still living in the social, cultural, and political aftermath of Britain's cultural achievements, its industrial revolution, its government of checks and balances, and its conquests around the world.
Thomas Sowell
Image
Competition does a much more effective job than government at protecting consumers.
Thomas Sowell
Image
The idealism of the left is a very selfish idealism. In their war against 'the rich' and big business, they don't care how much collateral damage there is to workers who end up end up unemployed.
Thomas Sowell
Image
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.
Thomas Sowell
Image
Some full professors could more accurately be described as empty professors.
Thomas Sowell
Image
When I see the worsening degeneracy in our politicians, our media, our educators, and our intelligentsia, I can't help wondering if the day may yet come when the only thing that can save this country is a military coup.
Thomas Sowell
Image
People used to say, Ignorance is no excuse. Today, ignorance is no problem. After all, you have a right to your own opinion - and self-esteem to boot.
Thomas Sowell
Image
Don't you get tired of seeing so many non-conformists with the same non-conformist look?
Thomas Sowell
Image
The welfare state is not really about the welfare of the masses. It is about the egos of the elites.
Thomas Sowell