Thomas Sowell
Thomas Sowell
Thomas Sowellis an American economist, social theorist, political philosopher, and author...
NationalityAmerican
ProfessionNovelist
Date of Birth30 June 1930
CityGastonia, NC
CountryUnited States of America
real people swim
Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.
school college giving
One of the many disservices done to young people by our schools and colleges is giving them the puffed up notion that they are in a position to pass sweeping judgments on a world that they have barely begun to experience.
children grandma technology
Even if her children or grandchildren are willing to spend their own money to keep grandma alive, when bureaucrats control the necessary technology or medication they may decide that it is not for sale.
thumbs legislation partisans
As a rule of thumb. Congressional legislation that is bipartisan is usually twice as bad as legislation that is partisan.
creating people risk
It is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television.
long depth height
Neither the depth of despondency nor the height of euphoria tells you how long either will last.
mean ifs
If a word means everything, then in means nothing.
responsibility compassion hands
The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion.
baby years liberty
Asking liberals where wages and prices come from is like asking six-year-olds where babies come from.
sacrifice selfishness doctrine
One of the bitter ironies of the 20th century was that communism, which began as an egalitarian doctrine accusing capitalism of selfishness and calloused sacrifices of others, became in power a system whose selfishness and callousness toward others made the sins of capitalism pale.
mean science law
The law of diminishing returns means that even the most beneficial prinicple will become harmful if carried far enough.
law matter immigration
If you don't control the borders, it doesn't matter what immigration laws you have.
liars successful reflection
The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy.
issues income fundamentals
Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.