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 Massachusetts Institute of Technology accepts blacks in the top ten percent of students, but...

The Massachusetts Institute of Technology accepts blacks in the top ten percent of students, but...

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...

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...

The real goal should be reduced government spending, rather than balanced budgets achieved by ever...

The real goal should be reduced government spending, rather than balanced budgets achieved by ever...

Much of the social history of the Western world, over the past three decades, has...

Much of the social history of the Western world, over the past three decades, has...

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...

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....

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...

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....

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 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...

Too much of what is called education is little more than an expensive isolation from...

Too much of what is called education is little more than an expensive isolation from...

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...

Freedom has cost too much blood and agony to be relinquished at the cheap price...

Freedom has cost too much blood and agony to be relinquished at the cheap price...

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...

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....

Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.

Balanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.

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.

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...

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...