Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.
Thomas SowellThe more people who are dependent on government handouts, the more votes the left can depend on for an ever-expanding welfare state.
Thomas SowellCentral planning, judicial activism, and the nanny state all presume vastly more knowledge than any elite have ever possessed.
Thomas SowellLofty talk about 'social justice' or 'fairness' boils down to greatly expanded powers for politicians, since those pretty words have no concrete definition. They are a blank check for creating disparities in power that dwarf disparities in income - and are far more dangerous.
Thomas SowellAll the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, it is about politics.
Thomas Sowell