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

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 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...

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...

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...

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...

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...

It is amazing that people who think we cannot afford to pay for doctors, hospitals,...

It is amazing that people who think we cannot afford to pay for doctors, hospitals,...

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...

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....

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...

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...

One of the sad signs of our times is that we have demonized those who...

One of the sad signs of our times is that we have demonized those who...

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 claim that sentencing a murderer to life without the possibility of parole protects...

People who claim that sentencing a murderer to life without the possibility of parole protects...

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...

The next time some academics tell you how important diversity is, ask how many Republicans...

The next time some academics tell you how important diversity is, ask how many Republicans...

Each new generation born is in effect an invasion of civilization by little barbarians, who...

Each new generation born is in effect an invasion of civilization by little barbarians, who...

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...

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...

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...