Maxioms by Thomas Sowell
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.
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.
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.
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.
