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
Thomas Sowell quotes about
wall heart home
No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.
running government would-be
Virtually everything that the government does costs more than when the same thing is done in private industry - whether it is building housing, running prisons, collecting garbage, or innumerable other things. Why in the world would we imagine that health care would be the exception?
memories nations
History is the memory of a nation
garden eden late
Trade-offs have been with us ever since the late unpleasantness in the Garden of Eden.
real people swim
Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.
school college giving
One of the many disservices done to young people by our schools and colleges is giving them the puffed up notion that they are in a position to pass sweeping judgments on a world that they have barely begun to experience.
children grandma technology
Even if her children or grandchildren are willing to spend their own money to keep grandma alive, when bureaucrats control the necessary technology or medication they may decide that it is not for sale.
thumbs legislation partisans
As a rule of thumb. Congressional legislation that is bipartisan is usually twice as bad as legislation that is partisan.
creating people risk
It is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television.
long depth height
Neither the depth of despondency nor the height of euphoria tells you how long either will last.
mean ifs
If a word means everything, then in means nothing.
responsibility compassion hands
The most politically painless way to hand out goodies, without taking responsibility for their costs, is to pass a law saying that somebody else must provide those goodies at their expense, while the politicians take credit for generosity and compassion.
baby years liberty
Asking liberals where wages and prices come from is like asking six-year-olds where babies come from.
sacrifice selfishness doctrine
One of the bitter ironies of the 20th century was that communism, which began as an egalitarian doctrine accusing capitalism of selfishness and calloused sacrifices of others, became in power a system whose selfishness and callousness toward others made the sins of capitalism pale.