At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained by someone is lost by someone else. But transactions would not continue unless both sides gained,… — Thomas Sowell Copy Share Image
Leaving prices out of the picture is probably the source of more fallacies in economics than any other single misconception. — Thomas Sowell Copy Share Image
The vision of the left, full of envy and resentment, takes its worst toll on those at the bottom - whether black or white… — Thomas Sowell Copy Share Image
There is no bigger waste of time than doing 90% of what is necessary. — Thomas Sowell Copy Share Image
If you have always believed that everyone should play by the same rules and be judged by the same standards, that would have gotten… — Thomas Sowell Copy Share Image
“In 1962, Democratic President John F. Kennedy, like both Democratic and Republican Presidents and Secretaries of the Treasury in earlier years, pointed out that “it… — Thomas Sowell Copy Share Image
Ideological bigotry has become the norm on even our most prestigious campuses, where students can go for years without reading or hearing anything that… — Thomas Sowell Copy Share Image
Bailing out people who made ill-advised mortgages makes no more sense that bailing out people who lost their life savings in Las Vegas casinos. — Thomas Sowell Copy Share Image
“One third of all Scots in the mid-nineteenth century moved from one county to another” — Thomas Sowell Copy Share Image
The difference is that we have the hardest and most painful evidence that there was a Holocaust. But, for the global warming scenario that… — Thomas Sowell Copy Share Image
“Just as price fluctuations allocate scarce resources which have alternative uses, price controls which limit those fluctuations reduce the incentives for individuals to limit… — Thomas Sowell Copy Share Image
The greatest danger to the liberal vision are facts about the consequences of liberalism itself and the laws, policies, and ways of life that… — Thomas Sowell Copy Share Image
Having spent years ruining the housing markets with their interference, leading to a housing meltdown that has taken the whole economy down with it,… — Thomas Sowell Copy Share Image
Do all children have some inherent right to live in America if they have done nothing wrong? If not, then why should the children… — Thomas Sowell Copy Share Image
