All of us should be on guard against beliefs that flatter ourselves. At the very least, we should check such beliefs against facts.
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 SowellIf you believe in equal rights, then what do โwomenโs rights,โ โgay rights,โ etc., mean? Either they are redundant or they are violations of the principle of equal rights for all.
Thomas SowellBy the end of the 20th century, "liberals" had again discredited themselves, to the point where they went back to calling themselves "progressives" to escape their past, much as people do when they declare bankruptcy.
Thomas SowellOliver Wendell Holmes said, "Think things, not words." In words, many see a need for "social justice" to override "the dictates of the market." In reality, what is called "the market" consists of human beings making their own choices at their own cost. What is called "social justice" is government imposition of the notions of third parties, who pay no price for being wrong.
Thomas Sowell