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Quote by Thomas Sowell

“The welfare state has always been judged by its good intentions, rather than its bad results.”

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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

“Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.”

Ifs Doe Ideas Loss Decision Results Profit Accomplish Goods Good Ideas Mistaken Entrepreneurial Begets

Book:Planning for freedom, and twelve other essays and addresses

Source: Planning for freedom, and twelve other essays and addresses

“Foreign aid breeds kleptocracies, or governments of thieves.”

Government Aids Thieves Foreign Aid

Book:The Bush Betrayal

Source: The Bush Betrayal

“The most practical information about life is sneered at by social planners.”

Life Is Social Information Practicals Planners

Author:James Cook

“When capitalists are thwarted, deflected, or dispossessed, the generals and politicians,... and socialist intellectuals, are always amazed at how quickly the great physical means of production - the contested tokens of wealth and resources of nature - dissolve into so much scrap, ruined concrete, snarled wire, and wilderness.”

Mean Wealth Politician Resources Productions Wilderness Capitalist Concrete Socialist Amazed Ruined Wire Scrap Tokens

Book:The Spirit of Enterprise

Source: The Spirit of Enterprise

“The economic freedom that made the U.S. economy the leader of the world has given way toa rigged, controlled, and regulated economy.”

World Way Made Given Leader Economy Economic Controlled Economic Freedom Rigged

Author:Bill Bonner

“The State provides a legal, orderly, systematic channel for predation on the property of the producers.”

States Property Producers Systematic Orderly

Book:For a New Liberty: The Libertarian Manifesto

Source: For a New Liberty: The Libertarian Manifesto

“Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.”

Real States Social United United States Security Debt Obligation Social Security Counting Medicare National Debt

Book:The Demise of the Dollar... and Why It's Great For Your Investments

Source: The Demise of the Dollar... and Why It's Great For Your Investments

“Far from the West having caused the poverty in the Third World, contact with the West has been the principal agent of material progress there.”

World Has Beens Poverty Progress Materials Thirds West Contact Agents Principal Third World

Author:Peter Thomas Bauer

“I am not robbed by people who have more money than me. I am robbed by a government that wants to penalize my industry and give increasing portions of what I earn to people who do not emulate my principles, morals and ethics.”

People Want Giving Government Moral Principles Industry Ethics Portions More Money Emulate

Author:Cal Thomas

Quote by Thomas Sowell

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