Thomas Sowell

Much of what sophisticates loftily refer to as the "complexity" of the real world is in fact the inconsistency in read more

Much of what sophisticates loftily refer to as the "complexity" of the real world is in fact the inconsistency in their own minds.

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.

Freedom...refer[s] to a social relationship among people- namely, the absence of force as a prospective instrument of decision making. Freedom read more

Freedom...refer[s] to a social relationship among people- namely, the absence of force as a prospective instrument of decision making. Freedom is reduced whenever a decision is made under threat of force, whether or not force actually materializes or is evident in retrospect.

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information read more

Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.

If you have ever seen a four-year-old trying to lord it over a two-year-old, then you know what the basic read more

If you have ever seen a four-year-old trying to lord it over a two-year-old, then you know what the basic problem of human nature is -- and why government keeps growing larger and ever more intrusive.