Maxioms by Thomas Sowell
Education is not merely neglected in many of our schools today, but is replaced to a great extent by ideological read more
Education is not merely neglected in many of our schools today, but is replaced to a great extent by ideological indoctrination.
To say that a farm boy knows how to milk a cow is to say that we can send him read more
To say that a farm boy knows how to milk a cow is to say that we can send him out to the barn with an empty pail and expect him to return with milk. To say that a criminologist understands crime is not to say that we can send him out with a grant or a law and expect him to return with a lower crime rate. He is more likely to return with a report on why he has not succeeded yet, and including the inevitable need for more money, a larger staff, more sweeping powers, etc.
Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: read more
Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
Since man does not create physical matter, those who handle material objects in the production process are not producers in read more
Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
What is politically defined as economic "planning" is the forcible superseding of other people's plans by government officials.
What is politically defined as economic "planning" is the forcible superseding of other people's plans by government officials.