"All the political angst and moral melodrama about getting 'the rich' to pay 'their fair share' is part of a big charade. This is not about economics, ...

Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned.
~ Thomas Sowell ~












Despite a voluminous and often fervent literature on "income distribution," the cold fact is that mo...
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"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 t...
"Price controls almost invariably produce black markets, where prices are not only higher than the legally permitted prices, but also higher than they ...
"The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people...
"The welfare state is the oldest con game in the world. First you take people's money away quietly and then you give some of it back to them flamboyant...
"Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.
"It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price ...
"It was Thomas Edison who brought us electricity, not the Sierra Club. It was the Wright brothers who got us off the ground, not the Federal Aviation A...
"Despite widespread misconceptions in the United States today that the institution of slavery was based on race, for most of the thousands of years in ...
"I think we're raising whole generations who regard facts as more or less optional. We have kids in elementary school who are being urged to take stand...
"lthough the basic principles of economics are not very complicated, the very ease with which they can be learned also makes them easy to dismissed as ...
"Clearly, only very unequal intellectual and moral standing could justify having equality imposed, whether the people want it or not, as Dworkin sugges...
"When I was an undergraduate studying economics under Professor Arthur Smithies of Harvard, he asked me in class one day what policy I favored on a par...
"Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resour...
"Misconceptions of business are almost inevitable in a society where most people have neither studied nor run businesses. In a society where most peopl...