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

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...

Liberalism is totalitarianism with a human face.

Liberalism is totalitarianism with a human face.

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...

If we spend our time with regrets over yesterday, and worries over what might happen...

If we spend our time with regrets over yesterday, and worries over what might happen...

Much of the self-righteous nonsense that abounds on so many subjects cannot stand up to...

Much of the self-righteous nonsense that abounds on so many subjects cannot stand up to...

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...

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...

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...

The people made worse off by slavery were those who were enslaved. Their descendants would...

The people made worse off by slavery were those who were enslaved. Their descendants would...

If you have always believed that everyone should play by the same rules and be...

If you have always believed that everyone should play by the same rules and be...

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...

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...

Capitalism knows only one color: that color is green; all else is necessarily subservient to...

Capitalism knows only one color: that color is green; all else is necessarily subservient to...

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...

Someone once said that a fool can put on his coat better than a wise...

Someone once said that a fool can put on his coat better than a wise...

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...

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...

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...

The most fundamental fact about the ideas of the political left is that they do...

The most fundamental fact about the ideas of the political left is that they do...

Mistakes can be corrected by those who pay attention to facts but dogmatism will not...

Mistakes can be corrected by those who pay attention to facts but dogmatism will not...