Maxioms by Thomas Sowell
Fundamentalist religion is the most pervasive vision of central planning, though many fundamentalists may oppose human central planning as a read more
Fundamentalist religion is the most pervasive vision of central planning, though many fundamentalists may oppose human central planning as a usurpation or "playing God." This is consistent with the fundamentalist vision of an unconstrained God and a highly constrained man.
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. read more
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that read more
Neither "property" nor the value of property is a physical thing. Property is a set of defined options...It is that set of options which has economic value...It is the options, and not the physical things, which are the "property" - economically as well as legally...But because the public tends to think of property as tangible, physical things, this opens the way politically for government confiscation of property by forcibly taking away options while leaving the physical objects untouched.
Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception.
Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception.
People who enjoy meetings should not be in charge of anything.
People who enjoy meetings should not be in charge of anything.
