Thomas Sowell

Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that read more

Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that set of options which has economic value...It is the options, and not the physical things, which are the "property" - economically as well as legally...But because the public tends to think of property as tangible, physical things, this opens the way politically for government confiscation of property by forcibly taking away options while leaving the physical objects untouched.

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."

Physicists have determined that even the most solid and heavy mass of matter we see is mostly empty space. But read more

Physicists have determined that even the most solid and heavy mass of matter we see is mostly empty space. But at the submicroscopic level, specks of matter scattered through a vast emptiness have such incredible density and weight, and are linked to one another by such powerful forces, that together they produce all the properties of concrete, cast iron and solid rock. In much the same way, specks of knowledge are scattered through a vast emptiness of ignorance, and everything depends upon how solid the individual specks of knowledge are, and on how powerfully linked and coordinated they are with one another.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions read more

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

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.