Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception.

Quote by Thomas Sowell

Topics: Economics Quotes, Legislation Quotes, Politics Quotes

Tariffs that save jobs in the steel industry mean higher steel prices, which in turn...

Tariffs that save jobs in the steel industry mean higher steel prices, which in turn...

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...

The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think....

The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think....

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....

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...

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...

People used to say, Ignorance is no excuse. Today, ignorance is no problem. After all,...

People used to say, Ignorance is no excuse. Today, ignorance is no problem. After all,...

Liberalism is totalitarianism with a human face.

Liberalism is totalitarianism with a human face.

Facts do not speak for themselves. They speak for or against competing theories. Facts divorced...

Facts do not speak for themselves. They speak for or against competing theories. Facts divorced...

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...

The most basic function of government is to provide a framework of law and order,...

The most basic function of government is to provide a framework of law and order,...

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 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...

The next time some academics tell you how important diversity is, ask how many Republicans...

The next time some academics tell you how important diversity is, ask how many Republicans...

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....

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,...

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...

The purpose of a liberal arts education is to learn that a person can like...

The purpose of a liberal arts education is to learn that a person can like...

Of all the varieties of virtues, liberalism is the most beloved.

Of all the varieties of virtues, liberalism is the most beloved.

Liberalism is, I think, resurgent. One reason is that more and more people are so...

Liberalism is, I think, resurgent. One reason is that more and more people are so...

I feel that 'man-hating' is an honorable and viable political act, that the oppressed have...

I feel that 'man-hating' is an honorable and viable political act, that the oppressed have...