Maxioms by Thomas Sowell
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it.The 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.
Cultures contain many cues and inducements to dissuade the individual from approaching ultimate limits, in much the same way that read more
Cultures contain many cues and inducements to dissuade the individual from approaching ultimate limits, in much the same way that a special warning strip of land around the edge of a baseball field lets a player know that he is about to run into a concrete wall when he is preoccupied with catching the ball. The wider that strip of land and the more sensitive the player is to the changing composition of the ground under his feet as he pursues the ball, the more effective the warning. Romanticizing or lionizing as "individualistic" those people who disregard social cues and inducements increases the danger of head-on collisions with inherent social limits. Decrying various forms of social disapproval is in effect narrowing the warning strip.
...each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it read more
...each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually read more
The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.
It is amazing how many of those who consider themselves "thinking people" respond automatically to words the way Pavlov's dog read more
It is amazing how many of those who consider themselves "thinking people" respond automatically to words the way Pavlov's dog was conditioned to respond to certain sounds.
