After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or… — Thomas Sowell Copy Share Image
Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the… — Thomas Sowell Copy Share Image
The government is indeed an institution, but "the market" is nothing more than an option for each individual to chose among numerous… — Thomas Sowell Copy Share Image
No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in… — Thomas Sowell Copy Share Image
Not only is patriotism disdained, the very basis for pride in one's country and culture is systematically undermined in our educational institutions… — Thomas Sowell Copy Share Image
We should listen first and foremost to our own experience We should stop looking for saviors.Society has not existed for thousands of… — Thomas Sowell Copy Share Image
The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be… — Thomas Sowell Copy Share Image
When I was teaching at an institution that bent over backward for foreign students, I was asked in class one day: "What… — Thomas Sowell Copy Share Image
In its pursuit of justice for a segment of society, in disregard of the consequences for society as a whole, what is… — Thomas Sowell Copy Share Image
Apparently almost anyone can do a better job of educating children than our so-called 'educators' in the public schools. Children who are… — Thomas Sowell Copy Share Image
Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse… — Thomas Sowell Copy Share Image
Too many policies, programs and institutions are judged by what they are supposed to do, rather than by what they actually do… — Thomas Sowell Copy Share Image
Has Obama ever grown even a potted plant, much less a business, a bank, a hospital or any of the numerous other… — Thomas Sowell Copy Share Image
The government is now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s -… — Thomas Sowell Copy Share Image
Informal relationships are not mere minor interstitial supplements to the major institutions of society. These informal relationships not only include important decision-making… — Thomas Sowell Copy Share Image
Implicit in the activist conception of government is the assumption that you can take the good things in a complex system for… — Thomas Sowell Copy Share Image
Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise,… — Thomas Sowell Copy Share Image
Just as members of American teachers unions often send their own children to private schools, so unionized workers at government-run hospitals in… — 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
