Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.
Thomas SowellAny judicial nominee who has said that the Constitution means what it says, not what judges would like it to mean, is going to be called an 'extremist.' That person will be said to be 'out of the mainstream.' But the mainstream is itself the problem.
Thomas SowellThe left's obsession with the high incomes of corporate executives never seems to extend to equally high - or higher - incomes of professional athletes, entertainers, or best-selling authors like Danielle Steel.
Thomas SowellOver the generations, black leaders have ranged from noble souls to shameless charlatans.
Thomas SowellThere are no dead-end jobs. There are no dead-end jobs. There are only dead-end people. Our current social philosophy, and the welfare state apparatus based on it, are creating more dead-end people.
Thomas SowellHigh tax rates in the upper income brackets allow politicians to win votes with class warfare rhetoric, painting their opponents as defenders of the rich. Meanwhile, the same politicians can win donations from the rich by creating tax loopholes that can keep the rich from actually paying those higher tax rates - or perhaps any taxes at all. What is worse than class warfare is phony class warfare. Slippery talk about 'fairness' is at the heart of this fraud by politicians seeking to squander more of the nation's resources.
Thomas Sowell