Prices are important not because money is considered paramount but because prices are a fast and effective conveyor of information through a vast society in which fragmented knowledge must be coordinated.
Thomas SowellThe left takes its vision seriously - more seriously than it takes the rights of other people. They want to be our shepherds. But that requires us to be sheep.
Thomas SowellWhat is especially disturbing about the political left is that they seem to have no sense of the tragedy of the human condition. Instead, they tend to see the problems of the world as due to other people not being as wise or as noble as themselves.
Thomas SowellWelfare states on both sides of the Atlantic have discovered that largesse to losers does not reduce their hostility to society, but only increases it. Far from producing gratitude, generosity is seen as an admission of guilt, and the reparations as inadequate compensations for injustices - leading to worsening behavior by the recipients.
Thomas SowellMany people believe in eliminating gaps and eliminating poverty. They don't realize that in some sense those two things are antithetical. If you were to double everyone's income, or if everyone's income were doubled naturally over the course of time, then you would reduce poverty significantly but you would have also increased the gap.
Thomas Sowell