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

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...

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 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 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...

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...

Both free speech rights and property rights belong legally to individuals, but their real function...

Both free speech rights and property rights belong legally to individuals, but their real function...

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...

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...

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...

Actually lowering the cost of insurance would be accomplished by such things as making it...

Actually lowering the cost of insurance would be accomplished by such things as making it...

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...

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

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

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...

What is ominous is the ease with which some people go from saying that they...

What is ominous is the ease with which some people go from saying that they...

There are few things more dishonorable than misleading the young.

There are few things more dishonorable than misleading the young.

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...

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...

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...

What conditions of work, what kinds of work, what kinds of management, and what kinds...

What conditions of work, what kinds of work, what kinds of management, and what kinds...

I'd call it a new version of voodoo economics, but I'm afraid that would give...

I'd call it a new version of voodoo economics, but I'm afraid that would give...

There is a certain satisfaction in coming down to the lowest ground of politics, for...

There is a certain satisfaction in coming down to the lowest ground of politics, for...