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 SowellThe law of diminishing returns means that even the most beneficial prinicple will become harmful if carried far enough.
Thomas SowellDuring the 1930s, some of the leading intellectuals in America condemned our economic system and pointed to the centrally planned Soviet economy as a model -- all this at a time when literally millions of people were starving to death in the Soviet Union, from a famine in a country with some of the richest farmland in Europe and historically a large exporter of food.
Thomas SowellLet's face it, most of us are not half as smart as we may sometimes think we are-- and for intellectuals, not one-tenth as smart.
Thomas SowellContrary to the vision of the left, it was the free market which produced affordable housing - before government intervention made housing unaffordable.
Thomas Sowell