Thomas Sowell

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.

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.

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.

Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.

The demands of unbounded individualism need to be weighed in the light of inherent social constraints which can only change read more

The demands of unbounded individualism need to be weighed in the light of inherent social constraints which can only change their form but cannot be eliminated without eliminating civilization.

Many of the products which create a modern standard of living are only the physical incorporations of ideas- not only read more

Many of the products which create a modern standard of living are only the physical incorporations of ideas- not only the ideas of an Edison or a Ford but the ideas of innumerable anonymous people who figure out the design of supermarkets, the location of gasoline stations, and the million mundane things on which our material well-being depends. Societies which have more people carrying out physical acts and fewer people supplying ideas do not have higher standards of living. Quite the contrary.