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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
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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Of all ignorance, the ignorance of the educated is the most dangerous. Not only are educated people likely to have more influence, they are the last people to suspect that they don't know what they are talking about when they go outside their narrow fields.
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It takes considerable knowledge just to realize the extent of your own ignorance.
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Some full professors could more accurately be described as empty professors.
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Hyperinflation can take virtually your entire life's savings, without the government having to bother raising the official tax rate at all.
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Ideas are everywhere, but knowledge is rare.
Thomas Sowell
What is history but the story of how politicians have squandered the blood and treasure of the human race?
Thomas Sowell
In the string of amazing decisions made during the first year of the Obama administration, nothing seems more like sheer insanity than the decision to try foreign terrorists, who have committed acts of war against the United States, in federal court, as if they were American citizens accused of crimes.
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The same set of statistics can produce opposite conclusions at different levels of aggregation.
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Whenever people talk glibly of a need to achieve educational excellence, I think of what an improvement it would be if our public schools could just achieve mediocrity.
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Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.
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If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.
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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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In the long run, the greatest weapon of mass destruction is stupidity.
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Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.
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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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The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.
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Reality is not optional.
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Economics is concerned with what emerges, not what anyone intended.
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Civil rights used to be about treating everyone the same. But today some people are so used to special treatment that equal treatment is considered to be discrimination.
Thomas Sowell