Would you bet your paycheck on a weather forecast for tomorrow? If not, then why should this country bet billions on global warming predictions that have even less foundation?
Thomas SowellIf facts, logic, and scientific procedures are all just arbitrarily "socially constructed" notions, then all that is left is consensus--more specifically peer consensus, the kind of consensus that matters to adolescents or to many among the intelligentsia.
Thomas SowellEconomic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.
Thomas SowellAfter the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely.
Thomas SowellWhen Congress votes for all sorts of benefits, without voting for enough taxes to pay for them, they get the support of those who have been promised the benefits, without getting grief from the taxpayers. It's strictly win-win as far as the welfare-state politicians are concerned. But it is strictly lose-lose, big-time, for the country, as deficits skyrocket.
Thomas Sowell