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Quote by Thomas Sowell

“As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.”

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Thomas Sowell

Thomas Sowell is a renowned economist, born on June 30, 1930. His research spans across various fields such as economic policy, race, and social issues, having a profound impact on economics and the social sciences. more

“Much of the social history of the Western world over the past three decades has involved replacing what worked with what sounded good. In area after area - crime, education, housing, race relations - the situation has gotten worse after the bright new theories were put into operation. The amazing thing is that this history of failure and disaster has neither discouraged the social engineers nor discredited them.”

“Money goes out first to pay expenses and then comes back as profits later - if at all. The high rate of failure of new businesses makes painfully clear that there is nothing inevitable about the money coming back.”

Ifs Firsts Pay Clear Rate Profit Inevitable Expenses Coming Back New Business

Book:Basic Economics 4th Ed: A Common Sense Guide to the Economy

Source: Basic Economics 4th Ed: A Common Sense Guide to the Economy

“Barack Obama has done more than anyone else to promote the dangerous illusion that we can choose whether to have a war or not. But our enemies have already made that choice. Retired Marine Corps General James Mattis said: “No war is over until the enemy says it's over. We may think it's over, we may declare it over, but in fact, the enemy gets a vote“.”

Thinking May Made Said War Done Facts Choices Enemy Dangerous Illusion Vote Barack Marine Retired Marine Corps No War General James Mattis

Author:Thomas Sowell

“One of the big differences between Democrats and Republicans is that we at least know what the Democrats stand for, whether we agree with it or not. But, for Republicans, we have to guess”

Knows Bigs Differences Republican Agree Democrat

Author:Thomas Sowell

“If politics were like sports, we could ask Israel to trade us Benjamin Netanyahu for Barack Obama. Of course, we would have to throw in trillions of dollars to get Israel to agree to the deal, but it would be money well spent.”

Ifs Wells Would Be Courses Asks Sports Deals Agree Trade Dollars Israel Barack Money Well Spent

Author:Thomas Sowell

“What is politically defined as economic planning is the forcible superseding of other people's plans by Government officials.”

People Government Plans Economic Planning Defined Officials Government Officials

Book:Knowledge And Decisions

Source: Knowledge And Decisions

“Credentialed ignorance is still ignorance.”

Stills Ignorance

Author:Thomas Sowell

Quote by Thomas Sowell

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