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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
Movements
Price
Nobody
Movement
Economy
Understand
Order
Coordinated
Work
Beauties
More quotes by Thomas Sowell
I suspect that even most conservatives would prefer to live in the kind of world conjured up in the liberals' imagination rather than in the kind of world we are in fact stuck with.
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It doesnt matter what you do if you dont do what matters. If you do what matters it doesnt matter what you do.
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Despite a voluminous and often fervent literature on income distribution, the cold fact is that most income is not distributed: It is earned.
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Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.
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What makes it possible for politicians to do so many things that are economically counterproductive is that neither the public nor the media know enough of the basics to understand what's wrong with what they're saying.
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Compassion is the use of public funds to buy votes
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Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.
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If you don't control the borders, it doesn't matter what immigration laws you have.
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You need only visit campuses where whole departments feature soft courses preaching a sense of victimhood and resentment, and see the consequences in racial and ethnic polarization on campus.
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The political left has been weak on protecting society from criminals for more than two centuries.
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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.
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The freedom of America is the freedom to live your own life and take your own chances.
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The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion.
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Extrapolations are the last refuge of a groundless argument.
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If politicians were serious about day care for children, instead of just sloganizing about it, nothing they could do would improve the quality of child care more than by lifting the heavy burden of taxation that forces so many families to have both parents working.
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Just what is it that academics have to fear if they stand up for common decency, instead of letting campus barbarians run amok?
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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.
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The principles applied in economic processes are general social principles.
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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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Child poverty in the United States declined after the work requirement was put in there. People realized that they had to work and people went out and worked and they got off welfare.
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