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People who decry the fact that businesses are in business just to make money seldom understand the implications of what they are saying. You make money by doing what other people want, not what you want.
Thomas Sowell
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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Saying
Fact
Understand
Business
Facts
Decry
Money
Implications
Make
Businesses
People
Seldom
More quotes by Thomas Sowell
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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The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
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People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are paid much more than they are worth. People who know nothing about medicine and nothing about economics unhesi.
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All statements are true, if you are free to redefine their terms.
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Any judicial nominee who has said that the Constitution means what it says, not what judges would like it to mean, is going to be called an 'extremist.' That person will be said to be 'out of the mainstream.' But the mainstream is itself the problem.
Thomas Sowell
People who thing that they are getting something for nothing, by having government provide what they would otherwise have to buy in the private market, are not only kidding themselves by ignoring the taxes that government has to take from them in order to give them the appearance of something for nothing.
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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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In a democracy, we have always had to worry about the ignorance of the uneducated. Today we have to worry about the ignorance of people with college degrees.
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Groups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow.
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If you can't beat them or join them, then do something weird. No matter how much the passengers eat, the weight of the plane stays the same. Do you sometimes feel that you are necessary but not sufficient?
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Rhetoric is no substitute for reality.
Thomas Sowell
Just as any moron can destroy a priceless Ming vase, so the shallow and ill-educated people who run our schools can undermine and destroy from within a great civilization that took centuries of dedicated effort to create and maintain.
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Central planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.
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There is no bigger waste of time than doing 90% of what is necessary.
Thomas Sowell
When you start off by telling those who disagree with you that they are not merely in error but in sin, how much of a dialogue do you expect?
Thomas Sowell
Even when black youth gangs target white strangers on the streets and spew out racial hatred as they batter them and rob them, mayors, police chiefs and the media tiptoe around their racism and many in the media either don't cover these stories or leave out the race and racism involved.
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Since the government creates no wealth, it can only transfer the wealth required to hire people. Even if the government creates a million jobs, that is not a net increase in jobs, when the money that pays for those jobs is taken from the private sector, which loses that much ability to create private jobs.
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The black family survived centuries of slavery and generations of Jim Crow, but it has disintegrated in the wake of the liberals' expansion of the welfare state.
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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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There are only two economists in Congress and hundreds of lawyers. Does that explain why the government is in such a mess?
Thomas Sowell