Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
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Thomas Sowell
Thomas Sowell (; born June 30, 1930) is an American economist and social theorist who is currently Senior Fellow at the Hoover Institution, Stanford University. Sowell was born in North Carolina, but grew up in Harlem, New York. He dropped out of high school and served in the United States Marine Corps during the Korean War. He received a bachelor's degree, graduating magna cum laude from Harvard University in 1958 and a master's degree from Columbia University in 1959. In 1968, he earned his doctorate in economics from the University of Chicago. Sowell has served on the faculties of several universities, including Cornell University and University of California, Los Angeles. He has also worked for think tanks such as the Urban Institute. Since 1980, he has worked at the Hoover Institution at Stanford University. He writes from a libertarian conservative perspective, advocating supply-side economics. Sowell has written more than thirty books (a number of which have been reprinted in revised editions), and his work has been widely anthologize
Before attempting to determine the effect of institutions, it is necessary to consider the inherent circumstances, constraints, and impelling forces at work in the environment within which the institutional mechanisms function.
Ideas are everywhere, but knowledge is rare.
Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.
The key feature of Communist propaganda has been the depiction of people who are more productive as mere exploiters of others.
The case for the political left looks more plausible on the surface but is harder to keep believing in as you become more experienced.
Competition does a much more effective job than government at protecting consumers.
One of the grand fallacies of our time is that something beneficial should be subsidized.
Understanding the limitations of human beings is the beginning of wisdom.
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Envy plus rhetoric equals 'social justice.
Few skills are so well rewarded as the ability to convince parasites that they are victims.
The least productive people are usually the ones who are most in favor of holding meetings.
Insulating people from reality produces unrealistic people. It doesn't matter whether they are welfare recipients, spoiled rich kids, tenured professors in the ivy league, or federal judges with lifetime appointments.
You can't stop people from saying bad things about you. All you can do is make them liars.