Thomas Sowell

Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast read more

Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast numbers of people who do not themselves exercise these rights.

Mystical references to "society" and its programs to "help" may warm the hearts of the gullible but what it really read more

Mystical references to "society" and its programs to "help" may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats.

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.

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.

With various people complaining about "price gouging... economist Walter Williams has coined a new term: "Tax gouging." But government is read more

With various people complaining about "price gouging... economist Walter Williams has coined a new term: "Tax gouging." But government is never accused of either "greed" or "gouging" — not even when they bulldoze people's homes in order to turn the land over to businesses that will pay more taxes.