Thomas Sowell

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more

Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.

The black family survived centuries of slavery and generations of Jim Crow, but it has disintegrated in the wake of read more

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.

Morality, like other inputs into the social process, follows the law of diminishing returns- meaning ultimately, negative returns. People can read more

Morality, like other inputs into the social process, follows the law of diminishing returns- meaning ultimately, negative returns. People can be too moral.

Facts do not "speak for themselves." They speak for or against competing theories. Facts divorced from theories or visions are read more

Facts do not "speak for themselves." They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.

Policies are judged by their consequences, but crusades are judged by how good they make the crusaders feel.

Policies are judged by their consequences, but crusades are judged by how good they make the crusaders feel.