In the wake of the housing debacle in California, more people are buying less expensive homes, making bigger down payments, and staying away from 'creative' and risky financing. It is amazing how fast people learn when they are not insulated from the consequences of their decisions.
Thomas SowellOur fate is matched by the total freedom we have to react to our fate. It is as if we were dealt a hand of card. Once we have them, we are free to play them as we choose.
Thomas SowellBalanced budget requirements seem more likely to produce accounting ingenuity than genuinely balanced budgets.
Thomas SowellNobody is equal to anybody. Even the same man is not equal to himself on different days.
Thomas Sowell