Maxioms by Thomas Sowell
It's amazing how much panic one honest man can spread among a multitude of hypocrites.
It's amazing how much panic one honest man can spread among a multitude of hypocrites.
If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win.
If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win.
What is more frightening than any particular policy or ideology is the widespread habit of disregarding facts.
What is more frightening than any particular policy or ideology is the widespread habit of disregarding facts.
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.
Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception.
Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception.
