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Quote by Thomas Sowell

“Wishful thinking is not idealism. It is self-indulgence at best and self-exaltation at worst. In either case, it is usually at the expense of others. In other words, it is the opposite of idealism.”

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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“Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.”

World Mean Jobs Turns Loss Economy Products Industry Higher Saved Around The World Fewer Steel Tariffs Steel Industry

Author:Thomas Sowell

“I suspect that even most conservatives would prefer to live in the kind of world conjured up in the liberals' imagination rather than in the kind of world we are in fact stuck with.”

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“The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare state benefits - food stamps, housing subsidies and the like - if their income goes up.”

Ifs States Loss Poor Taxes Benefits Rate Various Income Welfare Stamps Housing Welfare State Subsidies Food Stamps

Author:Thomas Sowell

“All the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, it is about politics.”

Bigs Political Pay Moral Rich Share Fairs Economics Angst Melodrama Fair Share Charades

Author:Thomas Sowell

“Even the Soviet Union, with its huge nuclear arsenal, was a threat that could be deterred by the prospect of retaliation. But suicide bombers cannot be deterred. They can only be annihilated - preemptively and unilaterally, if necessary.”

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Author:Thomas Sowell

“In various countries and times, leaders of groups that lagged behind, economically and educationally, have taught their followers to blame all their problems on other people - and to hate those other people.”

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“Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.”

Thinking Important Information Paramount Fragmented

Book:Knowledge And Decisions

Source: Knowledge And Decisions

“I made 50 million bucks yesterday. That's a flameout I could get used to.”

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“The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.”

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“The time is long overdue to stop looking for progress through racial or ethnic leaders. Such leaders have too many incentives to promote polarizing attitudes and actions that are counterproductive for minorities and disastrous for the country.”

Long Country Action Attitude Leader Progress Minorities Incentives Counterproductive Overdue Polarizing

Author:Thomas Sowell