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Thomas Sowell

Thomas Sowell

Economist · American · b. 1930

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120 quotes

Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.
Thomas SowellRead
Although I am ready to defend what I have said, many people expect me to defend what others have attributed to me.
Thomas SowellRead
Those government officials who want more power are not going to stop unless they get stopped.
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All justice is inherently social. Can someone on a desert island be either just or unjust?
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Many of the words and phrases used in the media and among academics suggest that things simply: happen: to people, rather than be being caused by their own choices and behavior. Thus there is said to be an 'epidemic' of teenage pregnancy, or of drug usage, as if these things were like the flu that people catch just by being in the wrong place at the wrong time.
Thomas SowellRead
The charge is often made against the intelligentsia and other members of the anointed that their theories and the policies based on them lack common sense. But the very commonness of common sense makes it unlikely to have any appeal to the anointed. How can they be wiser and nobler than everyone else while agreeing with everyone else?
Thomas SowellRead
There is nothing that politicians like better than handing out benefits to be paid for by someone else.
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You have to have a sense of humor if you follow politics. Otherwise, the sheer fraudulence of it all will get you down.
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A lot of what is called 'public service' consists of making hoops for other people to jump through. It is a great career for those who cannot feel fulfilled unless they are telling other people what to do.
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You may scoff at the Tooth Fairy if you like. But the Tooth Fairy's approach has gotten more politicians elected than any economist's analysis.
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Cheap medical care is one of the most expensive things there is. So long as politicians can create the illusion of something for nothing, that gets them votes, which is what it is all about, as far as they are concerned.
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Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.
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So many idealistic political movements for a better world have ended in mass-murdering dictatorships. Giving leaders enough power to create 'social justice' is giving them enough power to destroy all justice, all freedom, and all human dignity.
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The desire to order other people around and make them conform to one own's vision takes many forms.
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The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.
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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.
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The welfare state is the oldest con game in the world. First you take people's money away quietly, and then you give some of it back to them flamboyantly.
Thomas SowellRead
If you have been voting for politicians who promise to give you goodies at someone else's expense, then you have no right to complain when they take your money and give it to someone else, including themselves
Thomas SowellRead
People who are very aware that they have more knowledge than the average person are often very unaware that they do not have one-tenth of the knowledge of all of the average persons put together. In this situation, for the intelligentsia to impose their notions on ordinary people is essentially to impose ignorance on knowledge.
Thomas SowellRead
Politics is the art of making your selfish desires seem like the national interest.
Thomas SowellRead
One of the most fashionable notions of our times is that social problems like poverty and oppression breed wars. Most wars, however, are started by well-fed people with the time on their hands to dream up half-baked ideologies or grandiose ambitions, and to nurse real or imagined grievances.
Thomas SowellRead

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