John Hawkins lists The 25 Best Quotes from Thomas Sowell in, 4/20/12

Here are my favorites within his list:

“There are no solutions; there are only trade-offs.”

“Weighing benefits against costs is the way most people make decisions — and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.”

Experience trumps brilliance.”

“Much of the social history of the Western world, over the past three decades, has been a history of replacing what worked with what sounded good.”

“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 for being wrong.”

“There is usually only a limited amount of damage that can be done by dull or stupid people. For creating a truly monumental disaster, you need people with high IQs.”

“Life has many good things. The problem is that most of these good things can be gotten only by sacrificing other good things. We all recognize this in our daily lives. It is only in politics that this simple, common sense fact is routinely ignored.”

“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.”

The hyperlinks within Hawkins’ list will lead you quote fiends to many many other worthy quotes.