Since the government creates no wealth, it can only transfer the wealth required to hire people. Even if the government creates a million jobs, that is not a net increase in jobs, when the money that pays for those jobs is taken from the private sector, which loses that much ability to create private jobs.
Thomas SowellFor the anointed, traditions are likely to be seen as the dead hand of the past, relics of a less enlightened age, and not as the distilled experience of millions who faced similar human vicissitudes before.
Thomas SowellSo many idealistic political movements for a better world have ended in mass-murdering dictatorships. Giving leaders enough power to create 'social justice' is giving them enough power to destroy all justice, all freedom, and all human dignity.
Thomas SowellOur fate is matched by the total freedom we have to react to our fate. It is as if we were dealt a hand of card. Once we have them, we are free to play them as we choose.
Thomas SowellWe might have been better off if the question of Obama's patriotism had been raised before he was first elected. Never should we ignore so many red flag warnings again.
Thomas SowellPeople who have time on their hands will inevitably waste the time of people who have work to do.
Thomas SowellNo one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.
Thomas Sowell