Thomas Sowell

Various kinds of ideas can be classified by their relationship to the authentication process. There are ideas systematically prepared for read more

Various kinds of ideas can be classified by their relationship to the authentication process. There are ideas systematically prepared for authentication ("theories"), ideas not derived from any systematic process ("visions"), ideas which could not survive any reasonable authentication process ("illusions"), ideas which exempt themselves from any authentication process ("myths"), ideas which have already passed authentication processes ("facts"), as well as ideas known to have failed- or certain to fail- such processes ("falsehoods" - both mistakes and lies).

It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that read more

It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.

What is politically defined as economic "planning" is the forcible superseding of other people's plans by government officials.

What is politically defined as economic "planning" is the forcible superseding of other people's plans by government officials.

Unbounded morality ultimately becomes counterproductive even in terms of the same moral principles being sought. The law of diminishing returns read more

Unbounded morality ultimately becomes counterproductive even in terms of the same moral principles being sought. The law of diminishing returns applies to morality.

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information read more

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.