Maxioms by Thomas Sowell
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."
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
What is politically defined as economic "planning" is the forcible superseding of other people's plans by government officials.
What is politically defined as economic "planning" is the forcible superseding of other people's plans by government officials.
Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
The welfare state is not really about the welfare of the masses. It is about the egos of the elites.
The welfare state is not really about the welfare of the masses. It is about the egos of the elites.
