There are few talents so richly rewarded - especially in politics and the media - as the ability to portray parasites as victims, and portray demands for preferential treatment as struggles for equal rights.
Thomas SowellI'm so old that I can remember when most of the people promoting race hate were white.
Thomas SowellTime was when people used to brag about how old they were - and I am old enough to remember it.
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 Sowell