Imagine a political system so radical as to promise to move more of the poorest 20% of the population into the richest 20% than remain in the poorest bracket within the decade? You don't need to imagine it. It's called…

Quote by Thomas Sowell

Topics: Thomas Sowell Quotes

Leaving prices out of the picture is probably the source of more fallacies in economics...

Leaving prices out of the picture is probably the source of more fallacies in economics...

The assumption that spending more of the taxpayer's money will make things better has survived...

The assumption that spending more of the taxpayer's money will make things better has survived...

What is more frightening than any particular policy or ideology is the widespread habit of...

What is more frightening than any particular policy or ideology is the widespread habit of...

People who have time on their hands will inevitably waste the time of people who...

People who have time on their hands will inevitably waste the time of people who...

The first lesson of economics is scarcity: There is never enough of anything to satisfy...

The first lesson of economics is scarcity: There is never enough of anything to satisfy...

The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened...

The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened...

If the battle for civilization comes down to the wimps versus the barbarians, the barbarians...

If the battle for civilization comes down to the wimps versus the barbarians, the barbarians...

Liberalism is totalitarianism with a human face.

Liberalism is totalitarianism with a human face.

Each new generation born is in effect an invasion of civilization by little barbarians, who...

Each new generation born is in effect an invasion of civilization by little barbarians, who...

Not only does the passage of time produce knowledge, it also produces ignorance... As the...

Not only does the passage of time produce knowledge, it also produces ignorance... As the...

Prices are important not because money is considered paramount but because prices are a fast...

Prices are important not because money is considered paramount but because prices are a fast...

Liberalism is totalitarianism with a human face

Liberalism is totalitarianism with a human face

If you have been voting for politicians who promise to give you goodies at someone...

If you have been voting for politicians who promise to give you goodies at someone...

It doesnt matter what you do if you dont do what matters. If you do...

It doesnt matter what you do if you dont do what matters. If you do...

When you want to help people, you tell them the truth. When you want to...

When you want to help people, you tell them the truth. When you want to...

Would you bet your paycheck on a weather forecast for tomorrow? If not, then why...

Would you bet your paycheck on a weather forecast for tomorrow? If not, then why...

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 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.

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...

The march of science and technology does not imply growing intellectual complexity in the lives...

The march of science and technology does not imply growing intellectual complexity in the lives...