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Quote by Thomas Sowell

“Social values in general are incrementally variable: neither safety, diversity, rational articulation, nor morality is categorically a good thing to have more of, without limits. All are subject to diminishing returns, and ultimately negative returns.”

Quote by Thomas Sowell

Book:Knowledge And Decisions

Work

Knowledge And Decisions

This book delves into the intricacies of decision-making, examining how individuals and organizations utilize knowledge to make informed choices. It covers various theories and models, providing insights into the cognitive and behavioral aspects of decision-making. more

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 assumption that spending more of the taxpayer's money will make things better has survived all kinds of evidence that it has made things worse. The black family- which survived slavery, discrimination, poverty, wars and depressions- began to come apart as the federal government moved in with its well-financed programs to “help.””

Wells Kind Made War Helping Government Black Poverty Evidence Program Slavery Moved Spending Discrimination All Kinds Welfare Assumption Survived Federal Government Taxpayers Black Family

Author:Thomas Sowell

“A recently reprinted memoir by Frederick Douglass has footnotes explaining what words like 'arraigned,' 'curried' and 'exculpate' meant, and explaining who Job was. In other words, this man who was born a slave and never went to school educated himself to the point where his words now have to be explained to today's expensively under-educated generation.”

Men Today School Jobs Born Generations Slave Memoir Educated Explaining Footnotes

Book:Ever Wonder Why? and Other Controversial Essays

Source: Ever Wonder Why? and Other Controversial Essays

“Whether Barack Obama is simply incompetent as president or has some hidden agenda to undermine this country, at home and abroad, he has nearly everything he needs to ruin America, including a fool for a vice president”

Needs Country Home America President Fool Including Vices Ruins Barack Agendas Vice President Incompetent

Author:Thomas Sowell

“In politics, throwing the taxpayers' money at disasters is supposed to show your compassion. But robbing Peter to pay Paul is not compassion. It is politics.”

Shows Pay Compassion Disaster Throwing Peter Taxpayers Robbing

Book:Ever Wonder Why?: and Other Controversial Essays

Source: Ever Wonder Why?: and Other Controversial Essays

“Political economy has disapproved equally of monopoly and communism in the various branches of human activity, wherever it has found them. Is it not then strange and unreasonable that it accepts them in the security industry?”

Humans Political Found Accepting Economy Security Strange Industry Activity Various Communism Branches Monopoly Unreasonable Human Activity Political Economy

Book:Production of Security, The

Source: Production of Security, The

“Just as war is the natural consequence of monopoly, peace is the natural consequence of liberty.”

War Natural Liberty Consequence Monopoly Natural Consequences

Book:Production of Security, The

Source: Production of Security, The

“Either this is logical and true, or else the principles on which economic science is based are invalid.”

Principles Economic Logical

Book:Production of Security, The

Source: Production of Security, The

“When my information changes, I alter my conclusions. What do you do, sir?”

Information Conclusion

Author:John Maynard Keynes

“Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.”

Teach Failing Succeed Reputation Worldly Worldly Wisdom

Author:John Maynard Keynes

“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.”

Source: Essays in persuasion