Thomas Sowell Quotes

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.

Among the many other questions raised by the nebulous concept of “greed” is why it is a term applied almost exclusively to those who want to earn more money or to keep what they have already earned—never to those wanting to take other people’s money in taxes or to those wishing to live on the largesse dispensed from such taxation. No amount of taxation is ever described as “greed” on the part of government or the clientele of government.

There have always been ignorant people, but they haven't always had college degrees to make them unaware of their ignorance. Some people imagine that they are well informed because they have memorized a whole galaxy of trendy dogmas and fashionable attitudes.

Intellect is not wisdom.

The monumental tragedies of the 20th century -- a world-wide Great Depression, two devastating World Wars, the Holocaust, famines killing millions in the Soviet Union and tens of millions in China -- should leave us with a sobering sense of the threats to any society. But this generation's ignorance of history leaves them free to be frivolous -- until the next catastrophe strikes, and catches them completely by surprise.

There are only two ways of telling the complete truth--anonymously and posthumously.