The first rule of economics is that there is an infinite number of desires chasing a finite number of goods, services and resources. The first rule of politics is to ignore the first rule of economics.
Thomas SowellPeople used to say, "Ignorance is no excuse." Today, ignorance is no problem. After all, you have "a right to your own opinion" - and self-esteem to boot.
Thomas SowellIn liberal logic, if life is unfair then the answer is to turn more tax money over to politicians, to spend in ways that will increase their chances of getting reelected.
Thomas SowellEveryone should be concerned about Internet anarchy in which anybody can pretend to be anybody else, unless something is done to stop it. If hoaxes like this go unchecked, who can believe anything they see on the Internet? What good would the Internet be then? If the people who control Internet web sites do not do anything, is that not an open invitation for government to step in? And does anybody want politicians to control what can go on the Internet?
Thomas SowellMost intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate to make sweeping pronouncements about the economy in general, businesses in particular, and the many issues revolving around what is called 'income distribution'.
Thomas Sowell