Thomas Sowell

Knowledge can be enormously costly, and is often scattered in widely uneven fragments, too small to be individually usable in read more

Knowledge can be enormously costly, and is often scattered in widely uneven fragments, too small to be individually usable in decision making. The communication and coordination of these scattered fragments of knowledge is one of the basic problems- perhaps the basic problem- of any society.

If you have ever seen a four-year-old trying to lord it over a two-year-old, then you know what the basic read more

If you have ever seen a four-year-old trying to lord it over a two-year-old, then you know what the basic problem of human nature is -- and why government keeps growing larger and ever more intrusive.

Liberals seem to assume that, if you don't believe in their particular political solutions, then you don't really care about read more

Liberals seem to assume that, if you don't believe in their particular political solutions, then you don't really care about the people that they claim to want to help

Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to read more

Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.

The assumption that spending more of the taxpayer's money will make things better has survived all kinds of evidence that read more

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."