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.

Quote by Thomas Sowell

Topics: Thomas Sowell Quotes

The least productive people are usually the ones who are most in favor of holding...

The least productive people are usually the ones who are most in favor of holding...

Talkers are usually more articulate than doers, since talk is their specialty.

Talkers are usually more articulate than doers, since talk is their specialty.

You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and...

You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and...

It is amazing that people who think we cannot afford to pay for doctors, hospitals,...

It is amazing that people who think we cannot afford to pay for doctors, hospitals,...

Force is the antithesis of freedom, but force must be used, if only to defend...

Force is the antithesis of freedom, but force must be used, if only to defend...

The welfare state is not really about the welfare of the masses. It is about...

The welfare state is not really about the welfare of the masses. It is about...

People who enjoy meetings should not be in charge of anything.

People who enjoy meetings should not be in charge of anything.

What 'multiculturalism' boils down to is that you can praise any culture in the world...

What 'multiculturalism' boils down to is that you can praise any culture in the world...

It is hard to imagine a more stupid or more dangerous way of making decisions...

It is hard to imagine a more stupid or more dangerous way of making decisions...

As a rule of thumb, Congressional legislation that is bipartisan is usually twice as bad...

As a rule of thumb, Congressional legislation that is bipartisan is usually twice as bad...

Socialism in general has a record of failure so blatant that only an intellectual could...

Socialism in general has a record of failure so blatant that only an intellectual could...

Liberals seem to assume that, if you don't believe in their particular political solutions, then...

Liberals seem to assume that, if you don't believe in their particular political solutions, then...

It takes considerable knowledge just to realize the extent of your own ignorance.

It takes considerable knowledge just to realize the extent of your own ignorance.

If you are not prepared to use force to defend civilization, then be prepared to...

If you are not prepared to use force to defend civilization, then be prepared to...

Stopping illegal immigration would mean that wages would have to rise to a level where...

Stopping illegal immigration would mean that wages would have to rise to a level where...

Mystical references to society and its programs to help may warm the hearts of the...

Mystical references to society and its programs to help may warm the hearts of the...

The big divide in this country is not between Democrats and Republicans, or women and...

The big divide in this country is not between Democrats and Republicans, or women and...

One of the consequences of such notions as entitlements is that people who have contributed...

One of the consequences of such notions as entitlements is that people who have contributed...

Elections should be held on April 16th- the day after we pay our income taxes....

Elections should be held on April 16th- the day after we pay our income taxes....

Welfare is hated by those who administer it, mistrusted by those who pay for it...

Welfare is hated by those who administer it, mistrusted by those who pay for it...