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

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...

The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened...

The simplest and most psychologically satisfying explanation of any observed phenomenon is that it happened...

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....

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...

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....

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...

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.

You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and...

You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and...

Like a baseball game, wars are not over till they are over. Wars don't run...

Like a baseball game, wars are not over till they are over. Wars don't run...

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...

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...

It takes considerable knowledge just to realize the extent of your own ignorance.

It takes considerable knowledge just to realize the extent of your own ignorance.

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,...

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...

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...

What 'multiculturalism' boils down to is that you can praise any culture in the world...

What 'multiculturalism' boils down to is that you can praise any culture in the world...

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...

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...

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...