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

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...

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....

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...

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...

One of the common failings among honorable people is a failure to appreciate how thoroughly...

One of the common failings among honorable people is a failure to appreciate how thoroughly...

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...

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...

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

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

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...

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...

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...

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...

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...

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...

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...

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 welfare state is not really about the welfare of the masses. It is about...

The welfare state is not really about the welfare of the masses. It is about...

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...

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.