Helping those who have been struck by unforeseeable misfortunes is fundamentally different from making dependency a way of life.
Thomas SowellPeople who talk incessantly about "change" are often dogmatically set in their ways. They want to change other people.
Thomas SowellDespite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
Thomas SowellThose who automatically say that the social pathology of the ghetto is due to poverty discrimination and the like cannot explain why such pathology was far less prevalent in the 1950s, when poverty and discrimination were worse. But there were not nearly as many grievance mongers and race hustlers then.
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