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Quote by Thomas Sowell

“Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets.”

Quote by Thomas Sowell

Author

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

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“The poverty rate among black married couples has been in single digits ever since 1994. You would never learn that from most of the media. Similarly you look at those blacks that have gone on to college or finished college, the incarceration rate is some tiny fraction of what it is among those blacks who have dropped out of high school. So it’s not being black; it’s a way of life. Unfortunately, the way of life is being celebrated not only in rap music, but among the intelligentsia, is a way of life that leads to a lot of very big problems for most people.”

“The vision of the anointed is one in which ills as poverty, irresponsible sex, and crime derive primarily from 'society,' rather than from individual choices and behavior. To believe in personal responsibility would be to destroy the whole special role of the anointed, whose vision casts them in the role of rescuers of people treated unfairly by 'society'.”

Source: The Vision of the Anointed: Self-congratulation as a Basis for Social Policy

“In short, killing the goose that lays the golden egg is a viable political strategy, so long as the goose does not die before the next election and no one traces the politicians’ fingerprints on the murder weapon.”

Long Doe Political Dies Next Politician Weapons Murder Election Strategy Lays Killing Golden Eggs Geese Fingerprints Golden Eggs

Author:Thomas Sowell

“There are no solutions; there are only trade-offs.”

Solutions Trade Conservative Trade Offs

Author:Thomas Sowell

“Out of every hundred new ideas ninety-nine or more will probably be inferior to the traditional responses which they propose to replace. No one man, however brilliant or well-informed, can come in one lifetime to such fullness of understanding as to safely judge and dismiss the customs or institutions of his society, for those are the wisdom of generations after centuries of experiment in the laboratory of history.”

Source: The Vision of the Anointed: Self-congratulation as a Basis for Social Policy

“In their zeal for particular kinds of decisions to be made, those with the vision of the anointed seldom consider the nature of the: process: by which decisions are made. Often what they propose amounts to third-party decision making by people who pay no cost for being wrong-surely one of the least promising ways of reaching decisions satisfactory to those who must live with the consequences.”

Source: The Vision of the Anointed: Self-congratulation as a Basis for Social Policy

“Another way of verbally masking elite preemption of other people's decisions is to use the word 'ask'-as in 'We are just asking everyone to pay their fair share.' But of course governments do not ask, they: tell. The Internal Revenue Service does not 'ask' for contributions. It takes.”

People Way Doe Use Government Courses Asks Decision Pay Share Fairs Asking Contribution Internals Elites Revenue Another Way Fair Share Preemption

Author:Thomas Sowell

“Many of the words and phrases used in the media and among academics suggest that things simply: happen: to people, rather than be being caused by their own choices and behavior. Thus there is said to be an 'epidemic' of teenage pregnancy, or of drug usage, as if these things were like the flu that people catch just by being in the wrong place at the wrong time.”

People Ifs Said Happens Used Choices Media Drug Behavior Phrases Pregnancy Teenage Flu Epidemics Usage Wrong Time Teenage Pregnancy

Book:The Vision of the Anointed: Self-congratulation as a Basis for Social Policy

Source: The Vision of the Anointed: Self-congratulation as a Basis for Social Policy

“To say that 'wealth in America is so unfairly distributed in America,' as Ronald Dworkin does, is grossly misleading when most wealth in the United States is not distributed: at all. People create it, earn it, save it, and spend it.”

People Doe States America Wealth United United States Mislead

Author:Thomas Sowell

“If the truth is boring, civilization is irksome. The constraints inherent in civilized living are frustrating in innumerable ways. Yet those with the vision of the anointed often see these constraints as only arbitrary impositions, things from which they-and we all-can be 'liberated.' The social disintegration which has followed in the wake of such liberation has seldom provoked any serious reconsideration of the whole set of assumptions-the vision-which led to such disasters. That vision is too well insulated from feedback.”