Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.

Quote by Thomas Sowell

Topics: Thomas Sowell Quotes

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...

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...

There are only two ways of telling the complete truth - anonymously and posthumously.

There are only two ways of telling the complete truth - anonymously and posthumously.

People used to say, Ignorance is no excuse. Today, ignorance is no problem. After all,...

People used to say, Ignorance is no excuse. Today, ignorance is no problem. After all,...

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...

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...

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....

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...

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...

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...

The most basic question is not what is best, but who shall decide what is...

The most basic question is not what is best, but who shall decide what is...

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...

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

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

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...

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...

What is more frightening than any particular policy or ideology is the widespread habit of...

What is more frightening than any particular policy or ideology is the widespread habit of...

The whole family of pride and ignorance are incestuous, and mutually beget each other

The whole family of pride and ignorance are incestuous, and mutually beget each other

Ignorance is stubborn and prejudice is hard

Ignorance is stubborn and prejudice is hard

There comes Coolidge and does nothing and retires a hero, not only because he hadn't...

There comes Coolidge and does nothing and retires a hero, not only because he hadn't...