Thomas Sowell

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.

Fundamentalist religion is the most pervasive vision of central planning, though many fundamentalists may oppose human central planning as a read more

Fundamentalist religion is the most pervasive vision of central planning, though many fundamentalists may oppose human central planning as a usurpation or "playing God." This is consistent with the fundamentalist vision of an unconstrained God and a highly constrained man.

Morality, like other inputs into the social process, follows the law of diminishing returns- meaning ultimately, negative returns. People can read more

Morality, like other inputs into the social process, follows the law of diminishing returns- meaning ultimately, negative returns. People can be too moral.

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 more adaptability exists for a given kind of decision, the less risky it is to make plans for the read more

The more adaptability exists for a given kind of decision, the less risky it is to make plans for the future, and therefore the more likely it is that more people will make more plans in such areas.