Maxioms by Thomas Sowell
The most basic question is not what is best but who shall decide what is best.
The most basic question is not what is best but who shall decide what is best.
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.
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.
Cultures contain many cues and inducements to dissuade the individual from approaching ultimate limits, in much the same way that read more
Cultures contain many cues and inducements to dissuade the individual from approaching ultimate limits, in much the same way that a special warning strip of land around the edge of a baseball field lets a player know that he is about to run into a concrete wall when he is preoccupied with catching the ball. The wider that strip of land and the more sensitive the player is to the changing composition of the ground under his feet as he pursues the ball, the more effective the warning. Romanticizing or lionizing as "individualistic" those people who disregard social cues and inducements increases the danger of head-on collisions with inherent social limits. Decrying various forms of social disapproval is in effect narrowing the warning strip.
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.
