Thomas Sowell

Freedom...refer[s] to a social relationship among people- namely, the absence of force as a prospective instrument of decision making. Freedom read more

Freedom...refer[s] to a social relationship among people- namely, the absence of force as a prospective instrument of decision making. Freedom is reduced whenever a decision is made under threat of force, whether or not force actually materializes or is evident in retrospect.

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.

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.

One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that read more

One of the consequences of such notions as "entitlements" is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.

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.