A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely. — Thomas Sowell Copy Share Image
Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2)… — 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
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
“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
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
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
“One third of all Scots in the mid-nineteenth century moved from one county to another” — Thomas Sowell Copy Share
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
“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
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
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
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
What 'eminent domain' laws mean in practice is that politicians have a right to seize your property and turn it over to someone else,… — Thomas Sowell Copy Share
“those parts of the British Isles without the advantage of coal deposits or ports, industrialization was as handicapped as in other countries.” — Thomas Sowell Copy Share
The whole idea of equal justice under law is completely incompatible with the idea of judges deciding cases according to "empathy". — Thomas Sowell Copy Share
