The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

Quote by Thomas Sowell

Topics: Economics Quotes, Politics Quotes

Freedom has cost too much blood and agony to be relinquished at the cheap price...

Freedom has cost too much blood and agony to be relinquished at the cheap price...

The most fundamental fact about the ideas of the political left is that they do...

The most fundamental fact about the ideas of the political left is that they do...

It doesnt matter what you do if you dont do what matters. If you do...

It doesnt matter what you do if you dont do what matters. If you do...

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...

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....

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.

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...

Mistakes can be corrected by those who pay attention to facts but dogmatism will not...

Mistakes can be corrected by those who pay attention to facts but dogmatism will not...

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...

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...

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...

Elections should be held on April 16th- the day after we pay our income taxes....

Elections should be held on April 16th- the day after we pay our income taxes....

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...

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.

Liberalism is totalitarianism with a human face

Liberalism is totalitarianism with a human face

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...

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...

Prices are important not because money is considered paramount but because prices are a fast...

Prices are important not because money is considered paramount but because prices are a fast...

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...

Tariffs that save jobs in the steel industry mean higher steel prices, which in turn...

Tariffs that save jobs in the steel industry mean higher steel prices, which in turn...