Thomas Sowell ( 10 of 95 )
Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to read more
Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
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.
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.
Talkers are usually more articulate than doers, since talk is their specialty.
Talkers are usually more articulate than doers, since talk is their specialty.
It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that read more
It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.
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.
Ideas are everywhere, but knowledge is rare.
Ideas are everywhere, but knowledge is rare.
Informal relationships are not mere minor interstitial supplements to the major institutions of society. These informal relationships not only include read more
Informal relationships are not mere minor interstitial supplements to the major institutions of society. These informal relationships not only include important decision-making processes, such as the family, but also produce much of the background social capital without which the other major institutions of society could not function nearly as effectively as they do.
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.
Policies are judged by their consequences, but crusades are judged by how good they make the crusaders feel.
Policies are judged by their consequences, but crusades are judged by how good they make the crusaders feel.
