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.

To say that a farm boy knows how to milk a cow is to say that we can send him read more

To say that a farm boy knows how to milk a cow is to say that we can send him out to the barn with an empty pail and expect him to return with milk. To say that a criminologist understands crime is not to say that we can send him out with a grant or a law and expect him to return with a lower crime rate. He is more likely to return with a report on why he has not succeeded yet, and including the inevitable need for more money, a larger staff, more sweeping powers, etc.

Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: read more

Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.

Mystical references to "society" and its programs to "help" may warm the hearts of the gullible but what it really read more

Mystical references to "society" and its programs to "help" may warm the hearts of the gullible but what it really means is putting more power in the hands of bureaucrats.

The assumption that spending more of the taxpayer's money will make things better has survived all kinds of evidence that read more

The assumption that spending more of the taxpayer's money will make things better has survived all kinds of evidence that it has made things worse. The black family- which survived slavery, discrimination, poverty, wars and depressions- began to come apart as the federal government moved in with its well-financed programs to "help.".