The political mirage of something for nothing, from leaders who 'care,' has ruined many a nation.
Thomas SowellIn the United States, liberals have made it virtually impossible [to increase the supply of oil] by banning drilling in all sorts of places and preventing any new refinery from being built anywhere in the country in the last 30 years.
Thomas SowellFinancial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.
Thomas SowellThe next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.
Thomas Sowell