Thomas Sowell Quotes About Economy

Quotes about: Economy

• It is amazing that people who think we cannot afford to pay for doctors, hospitals, and medication somehow think that we can afford to pay for doctors, hospitals, medication and a government bureaucracy to administer it.

  Thomas Sowell

  Thinking, Doctors, Government

  Thomas Sowell (2006). “Ever Wonder Why? and Other Controversial Essays”, Hoover Inst Press

• The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

  Thomas Sowell

  Scarcity, Lessons, Politics

  Thomas Sowell (1993). “Is Reality Optional?: And Other Essays”, Hoover Inst Press

• Would you bet your paycheck on a weather forecast for tomorrow? If not, then why should this country bet billions on global warming predictions that have even less foundation?

  Thomas Sowell

  Country, Weather, Foundation

  "Random Thoughts". Column at Jewish World Review, www.jewishworldreview.com. April 06, 1999.

• The real goal should be reduced government spending, rather than balanced budgets achieved by ever rising tax rates to cover ever rising spending.

  Thomas Sowell

  Real, Government, Goal

  Interview with John Hawkins, rightwingnews.com. February 8, 2012.

• Tariffs that save jobs in the steel industry mean higher steel prices, which in turn means fewer sales of American steel products around the world and losses of far more jobs than are saved.

  Thomas Sowell

  Jobs, Mean, Loss

  Interview with John Hawkins, rightwingnews.com. February 8, 2012.

• Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.

  Thomas Sowell

  Past, Gdp, Liberty

  Thomas Sowell (1993). “Is Reality Optional?: And Other Essays”, Hoover Inst Press

• Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.

  Thomas Sowell

  Race, Ethnicity, Color

• People who believe in evolution in biology often believe in creationism in government. In other words, they believe that the universe and all the creatures in it could have evolved spontaneously, but that the economy is too complicated to operate without being directed by politicians.

  Thomas Sowell

  Believe, Government, People

• The people made worse off by slavery were those who were enslaved. Their descendants would have been worse off today if born in Africa instead of America. Put differently, the terrible fate of their ancestors benefitted them.

  Thomas Sowell

  Fate, America, People

  Interview with John Hawkins, rightwingnews.com. February 8, 2012.

• Stopping illegal immigration would mean that wages would have to rise to a level where Americans would want the jobs currently taken by illegal aliens.

  Thomas Sowell

  Jobs, Taken, Mean

  Interview with John Hawkins, rightwingnews.com. February 8, 2012.

• The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive.

  Thomas Sowell

  Order, Ideas, Political

  Thomas Sowell (2011). “The Thomas Sowell Reader”, p.144, Basic Books

• Too much of what is called 'education' is little more than an expensive isolation from reality.

  Thomas Sowell

  Reality, Liberty, Littles

• Both free speech rights and property rights belong legally to individuals, but their real function is social, to benefit vast numbers of people who do not themselves exercise these rights.

  Thomas Sowell

  Real, Exercise, Numbers

  "Is Reality Optional?". Book by Thomas Sowell, 1993.

• Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.

  Thomas Sowell

  Government, Doe, Conservative

• The economic disasters of socialism and communism come from assuming a blanket superiority of those who want to run a whole economy.

  Thomas Sowell

  Running, Want, Assuming

• Has Obama ever grown even a potted plant, much less a business, a bank, a hospital or any of the numerous other institutions whose decisions he wants to control and override? But he can talk glibly about growing the economy. Arrogance is no substitute for experience. That is why the country is in the mess it is in now.

  Thomas Sowell

  Country, Decision, Arrogance

  "Thomas Sowell: Jobs speech insulted our intelligence" by Thomas Sowell, www.ocregister.com. September 13, 2011.

• One of the most pervasive political visions of our time is the vision of liberals as compassionate and conservatives as less caring.

  Thomas Sowell

  Caring, Political, Vision

• Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.

  Thomas Sowell

  Issues, Income Distribution, Fundamentals

• During the 1930s, some of the leading intellectuals in America condemned our economic system and pointed to the centrally planned Soviet economy as a model -- all this at a time when literally millions of people were starving to death in the Soviet Union, from a famine in a country with some of the richest farmland in Europe and historically a large exporter of food.

  Thomas Sowell

  Country, Europe, America

  Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.306, ReadHowYouWant.com

• Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.

  Thomas Sowell

  Weather, Political, Meteorology

  Thomas Sowell (2011). “Basic Economics”, p.103, ReadHowYouWant.com

• Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which have alternative uses. It has nothing to say about philosophy or values, anymore than it has to say about music or literature.

  Thomas Sowell

  Philosophy, Causes, Alternatives

  Thomas Sowell (2000). “Basic Economics: A Citizen's Guide to the Economy”, Basic Civitas Books

• If the battle for civilization comes down to the wimps versus the barbarians, the barbarians are going to win.

  Thomas Sowell

  Winning, Civilization, Battle

  Thomas Sowell (2013). “Ever Wonder Why?: and Other Controversial Essays”, p.328, Hoover Press

• After political crusades for 'affordable housing' ended up ruining the housing market and much of the economy with it, many of the same politicians are now carrying on a crusade for 'affordable health care.' But what you can afford has absolutely nothing to do with the cost of producing anything. Refusing to pay those costs means that you are just not going to continue getting the same quantity and quality - regardless of what any politician says or how well he says it.

  Thomas Sowell

  Mean, Political, Quality

• Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.

  Thomas Sowell

  Divorce, Curiosity, Vision

  Thomas Sowell (2007). “A Conflict of Visions: Idealogical Origins of Political Struggles”, p.6, Basic Books

• People who identify themselves as conservatives donate money to charity more often than people who identify themselves as liberals. They donate more money and a higher percentage of their incomes.

  Thomas Sowell

  People, Income, Charity

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