The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Thomas SowellSecurities 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 SowellANYONE who studies the history of ideas should notice how much more often people on the political left, more so than others, denigrate and demonize those who disagree with them - instead of answering their arguments.
Thomas SowellNobody is equal to anybody. Even the same man is not equal to himself on different days.
Thomas Sowell