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

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...

Liberalism is totalitarianism with a human face

Liberalism is totalitarianism with a human face

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...

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...

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...

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...

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.

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...

The real minimum wage is zero.

The real minimum wage is zero.

One of the most pervasive political visions of our time is the vision of liberals...

One of the most pervasive political visions of our time is the vision of liberals...

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 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...

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 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...

Military pay has been allowed to lag behind to the point where career enlisted men...

Military pay has been allowed to lag behind to the point where career enlisted men...

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...

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...

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...

Liberalism is totalitarianism with a human face.

Liberalism is totalitarianism with a human face.