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One of the beauties of an economy coordinated by price movements is that nobody has to understand it in order for it to work.

Thomas Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Economy
Understand
Order
Coordinated
Work
Beauties
Movements
Price
Nobody
Movement

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Those government officials who want more power are not going to stop unless they get stopped.
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Given that some social processes must convey inherent constraints, the choice is among various mixtures of persuasion, force, and cultural inducement. The less of one, the more of the others. The degree of freedom that is possible is therefore tied to the extent to which people respond to persuasion or inducement.
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