A friend from India told me that a countryman of his said: "I want to go to America. I want to see a country where poor people are fat."
Thomas SowellThe march of science and technology does not imply growing intellectual complexity in the lives of most people. It often means the opposite.
Thomas SowellFrance has never gotten over the fact that it was once a great power and is now just a great nuisance.
Thomas SowellNo one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.
Thomas SowellThe Obama administration seems to be following what might be called 'the Detroit pattern increasing taxes, harassing businesses, and pandering to unions. In the short run, it got mayors re-elected. In the long-run, it reduced Detroit from a thriving city to an economic disaster area, whose population was cut in half, as its most productive citizens fled.
Thomas Sowell