Maxioms by Thomas Sowell
The most basic inherent constraint is that neither time nor wisdom are free goods available in unlimited quantity. This means read more
The most basic inherent constraint is that neither time nor wisdom are free goods available in unlimited quantity. This means that in social processes, as in economic processes, it is not only impossible to attain perfection but irrational to seek perfection- or even to seek the "best possible" result in each separate instance.
What is more frightening than any particular policy or ideology is the widespread habit of disregarding facts.
What is more frightening than any particular policy or ideology is the widespread habit of disregarding facts.
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.
Since man does not create physical matter, those who handle material objects in the production process are not producers in read more
Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
Envy plus rhetoric equals "social justice.".
Envy plus rhetoric equals "social justice.".
