“The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.” PeopleWayGovernmentBlackFreedomEconomyEconomicsOpeningWorking ItFree MarketEnablingOpening UpMarket EconomyFree Market Capitalism Author:Milton Friedman
“[On being first black woman to earn a PhD in economics and first black woman admitted to Pennsylvania bar:] I never looked for anybody to hold the door open for me. I knew well that the only way I could get that door open was to knock it down: because I knocked all of them down.” WayFirstsWellsBlackDoorsEconomicsBarsBlack WomenPioneersPennsylvaniaPhds Author:Sadie Tanner Mossell Alexander
“The breakdown of the black community, in order to maintain slavery, began with the breakdown of the black family. Men and women were not legally allowed to get married because you couldn't have that kind of love. It might get in the way of the economics of slavery. Your children could be taken from you and literally sold down the river.” MenWayKindChildrenMightOrderBlackCommunityTakenMarriedMen And WomenEconomicsRiversSlaveryYour ChildrenBreakdownKinds Of LoveBlack CommunityFamily ManBlack Family Author:Kerry Washington
“The high rate of unemployment among teenagers, and especially black teenagers, is both a scandal and a serious source of social unrest. Yet it is largely a result of minimum wage laws. We regard the minimum wage law as one of the most, if not the most, anti-black laws on the statute books.” IfsBookLawSocialBlackResultsLibertySeriousSourceEconomicsRegardRateLibertarianTeenagerLibertarianismMinimumUnemploymentScandalMinimum WageUnrestStatutesSocial Unrest Author:Milton Friedman
“People who think they know what is going to happen next are fools. Surprises - or what the brilliant author Nassim Taleb calls 'Black Swans' - are inevitable. Some are likely to be desperately unpleasant too” PeopleThinkingKnowsHappensNextBlackIgnoranceFoolEconomicsSurpriseBrilliantInevitableSwansBlack Swan Author:Martin Wolf
“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.” UseBlackLevelsQualityFourProductsDemandEconomicsConservativeControlledFree MarketImpositionDeteriorationSupply And Demand Author:Thomas Sowell
“As I talk about strengths and weaknesses in academic economics, one interesting fact you are entitled to know is that I never took a course in economics. And with this striking lack of credentials, you may wonder why I have the chutzpah to be up here giving this talk. The answer is I have a black belt in chutzpah. I was born with it.” KnowsGivingMayFactsCoursesBlackBornAnswersInterestingWonderWeaknessEconomicsAcademicEntitledBeltsStrength And WeaknessCredentialsBlack BeltInteresting Fact Author:Charlie Munger
“Thomas Sowell is America's foremost public intellectual and for good reason. His work covers almost every subject imaginable- race, economics, Marxism, ethnic groups, immigration patterns, just to name a few. He is persuasive and provocative and always scintillating. I've read all his books and never been even faintly disappointed. Black Rednecks & White Liberals is no exception.” BookReasonAmericaNamesBlackWhiteRaceGroupsSubjectsIntellectualEconomicsPatternsImmigrationExceptionDisappointedMarxismRedneckProvocativePersuasiveEthnic Groups Author:Fred Barnes