Maxioms by Thomas Sowell
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The read more
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The first lesson of politics is to disregard the first lesson of economics.
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. read more
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions read more
It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to read more
Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
"What freedom does a starving man have?" The answer is that starvation is a tragic human condition- perhaps more tragic read more
"What freedom does a starving man have?" The answer is that starvation is a tragic human condition- perhaps more tragic than loss of freedom. That does not prevent these from being two different things.
