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

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 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 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,...

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...

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...

It is amazing how many of those who consider themselves thinking people respond automatically to...

It is amazing how many of those who consider themselves thinking people respond automatically to...

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...

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...

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...

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...

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

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

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...

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...

People who identify themselves as conservatives donate money to charity more often than people who...

People who identify themselves as conservatives donate money to charity more often than people who...

Imagine a political system so radical as to promise to move more of the poorest...

Imagine a political system so radical as to promise to move more of the poorest...

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...

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...

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

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

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...