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Quote by Thomas Sowell

“What the welfare system and other kinds of governmental programs are doing is paying people to fail. In so far as they fail, they receive the money; in so far as they succeed, even to a moderate extent, the money is taken away.”

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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“Republicans won big, running as Republicans, in 2004. But once they took control of Congress, they started acting like Democrats and lost big. There is a lesson in that somewhere but whether Republicans will learn it is another story entirely.”

Stories Bigs Running Lost Acting Republican Lessons Democrat Congress

Author:Thomas Sowell

“In this era of non-judgmental mush, too many Americans have become incapable of facing the brutal reality of unprovoked hatred, based on envy, resentment and ultimately on a vicious urge to lash out against others for the pain of ones own insignificance. That has been a common thread in things as disparate as ghetto riots, two world wars, and now Islamic terrorism.”

“Given that some social processes must convey inherent constraints, the choice is among various mixtures of persuasion, force, and cultural inducement. The less of one, the more of the others. The degree of freedom that is possible is therefore tied to the extent to which people respond to persuasion or inducement.”

People Choices Given Force Social Process Degrees Various Tied Inherent Persuasion Mixtures Constraints

Author:Thomas Sowell

“War has been the necessary and inevitable consequence of the establishment of a monopoly on security.”

Has Beens War Security Consequence Inevitable Establishment Monopoly

Book:Production of Security, The

Source: Production of Security, The

“If the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is.”

Source: General Theory Of Employment , Interest And Money

“Economics is a very dangerous science.”

Dangerous Economics

Book:The collected writings of John Maynard Keynes

Source: The collected writings of John Maynard Keynes

“The glory of the nation you love is a desirable end, — but generally to be obtained at your neighbor's expense.”

Ends Nations Love Is Glory Neighbor Expenses Desirable

Book:The Economic Consequences of the Peace: The Economist

Source: The Economic Consequences of the Peace: The Economist

“The power to become habituated to his surroundings is a marked characteristic of mankind.”

Mankind Characteristics Surroundings

Book:The Economic Consequences of the Peace

Source: The Economic Consequences of the Peace

“When I find new information I change my mind; What do you do?”

Mind Information New Information

Author:John Maynard Keynes

“Perhaps it is historically true that no order of society ever perishes save by its own hand.”

Book:The Economic Consequences of the Peace: The classic text on the Treaty of Versailles and post war Europe

Source: The Economic Consequences of the Peace: The classic text on the Treaty of Versailles and post war Europe