Thomas Sowell
Thomas Sowell
Thomas Sowellis an American economist, social theorist, political philosopher, and author...
NationalityAmerican
ProfessionNovelist
Date of Birth30 June 1930
CityGastonia, NC
CountryUnited States of America
strong quality example
Sellers in general maintain the quality of their products and services for fear of losing customers otherwise. But, when price controls create a situation where the amount demanded is greater than the amount supplied - a shortage - fear of losing customers is no longer as strong an incentive. For example, landlords typically reduce painting and repairs when there is rent control, because there is no need to fear vacancies when there are more tenants looking for apartments than there are apartments available.
running medicine people
People who have never run even a modest little business assert with great certainty and indignation that heads of multinational corporations are paid much more than they are worth. People who know nothing about medicine and nothing about economics unhesi.
differences people trying
The biggest difference between people is between those who are trying to do the right thing - whether or not they succeed - and those for whom the only question is how much they can get away with.
people pay may
You may have the right to live anyway you like, but you don't have a right to have other people like it. Respect it or pay for it.
action program institutions
Too many policies, programs and institutions are judged by what they are supposed to do, rather than by what they actually do and the consequences of their actions.
heart winning class
High tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources.
people important fabric
Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.
car safety realizing
Pedestrians never seem to realize that they are a threat to the safety of cars.
war years decision
In the string of amazing decisions made during the first year of the Obama administration, nothing seems more like sheer insanity than the decision to try foreign terrorists, who have committed acts of war against the United States, in federal court, as if they were American citizens accused of crimes.
lying race play
We know - or should know - what lies at the end of the road of racial polarization. A 'race card' is not something to play, because race is a very dangerous political plaything.
mean government people
Government central planning means over-riding other people's plans.
country years america
Barack Obama has not only said that he is out to 'change the United States of America,' the people he has been associated with for years have expressed in words and deeds their hostility to the values, the principles and the people of this country.
opportunity thinking government
One of the problems with trying to help underdogs, especially with government programs, is that they and everyone else start to think of them as underdogs, focusing on their problems rather than their opportunities. Thinking of themselves as underdogs can also dissipate their energies in resentments of others, rather than spending that energy making the most of their own possibilities.
responsibility behavior great-escape
The great escape of our times is escape from personal responsibility for the consequences of one's own behavior.