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Archive of posts published in the tag: Thomas Sowell

Bastiat and Sowell

Mark Perry posts at Carpe Diem at AEI a wonderful collection of quotes from Thomas Sowell and Frederic Bastiat, who share the same birthday and economic insights. Happy 86th birthday to economist Thomas Sowell, one of the greatest living economists…

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A Multi Factored World

Random Thoughts from Thomas Sowell at Town Hall: Global warming, due to greenhouse gasses, is the latest in a long series of one-factor theories about a multi-factor world. Such theories have often enjoyed great popularity, despite how often they have…

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In the Secular World Saviours Dissappoint

From Thomas Sowell, Do Emotions Trump Facts? However puzzling the fervent support for Donald Trump may be today, given how little basis there is for it, such blind faith is not unique in history. Other dire or desperate times have…

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Inert Blocks of Wood

From Thomas Sowell at National Review, What Democrats Mean by ‘Paying Your Fair Share’ Whether in politics or in the media, words are increasingly used, not to convey facts or even allegations of facts, but simply to arouse emotions. Undefined…

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The Power of 20%

Kyle Peterson interviews Thomas Sowell in the Wall Street Journal in The March of Foolish Things: excerpt: So how can the case for reform be made? Let’s say the Republican presidential nominee has a speech lined up at the historically black…

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The Economics of Culture

Kyle Peterson interviews Thomas Sowell in the Wall Street Journal in The March of Foolish Things: excerpt: He offers another statistic: “For every year from 1994 to the present, black married couples have had a poverty rate in single digits,” Mr. Sowell…

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Perpetuating Bureaucracy

Kyle Peterson interviews Thomas Sowell in the Wall Street Journal in The March of Foolish Things: excerpt: Why do we never seem to learn these economic lessons? “I think there’s a market for foolish things,” Mr. Sowell says—and vested interests, too.…

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Where Unfairness Originates

Kyle Peterson interviews Thomas Sowell in the Wall Street Journal in The March of Foolish Things: excerpt: Another problem is that the “disparate impact” assumption misidentifies where group differences originate. He sets up an example: “If you have people in…

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Non Judgmental Subsidies

Dan Mitchell quotes Thomas Sowell in his blog International Liberty,  in Crime, Riots, Race, and the Welfare State Excerpt: Such trends are not unique to blacks, nor even to the United States. The welfare state has led to remarkably similar…

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Observations 2013 03 06

Some Observations: I saw a Foxnews story that the sales of very high end luxury cars is booming.  I have stated that high estate taxes encourages conspicuous consumption.  If you are going to give a large portion of your accumulated wealth away,…

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Who Are The Elite?

The elite are criticized for being out of touch from the rest of us, but they are rarely defined.  I am guilty of criticizing ‘elitist’ policies. The Tea Party and other populist groups from both sides of the isle have…

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When Liberals Were Liberal

From Townhall, Random Thoughts by Thomas Sowell Excerpts: Whenever you hear people talking about “a living Constitution,” almost invariably they are people who are in the process of slowly killing it by “interpreting” its restrictions on government out of existence.…

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Tax Lessons Unlearned

Thomas Sowell writes ‘Bait and Switch’ Taxes in The American Spectator, 9/5/12 excerpt: The Constitution of the United States had to be amended in 1913 to permit the federal government to collect income taxes. Almost immediately, very high tax rates…

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Government Roads and Government Roadblocks

From the Wall Street Journal, ‘You Didn’t Build That’, 7/17/12: Speaking in Roanoke, Virginia, Mr. Obama delivered another paean to the virtues of higher taxes on the people he believes deserve to pay even more to the government. “There are…

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The Price of Clarity

“The Risk of Insult is the Price of Clarity”- Roy Williams Politicians love to use words without meaning, or words they refuse to define.  Business people often fall for this trap as well. Such vague usage may seem to make…

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The First Lesson of Politics

John Hawkins lists The 25 Best Quotes from Thomas Sowell in Townhall.com, 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…

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Of Wheat and Health Care

Investor’s Business Daily Thomas Sowell writes Obscure Court Decision Gives Government Sweeping Power, 3/26/12. Excerpt: Roscoe Filburn was an Ohio farmer who grew some wheat to feed his family and some farm animals. But the U.S. Department of Agriculture fined him…

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Million Dollar Congressmen

In Thomas Sowell’s collection, The Thomas Sowell Reader he offers an interesting idea in the chapter , ‘Reflections on Term Limits’. Pay Congressmen $1,000,000 a year.  No benefits, no retirement pension. The biggest problems with the current system,  in Sowell’s…

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Sowell Gems

A few gems from Thomas Sowell from the last chapter of the Thomas Sowell Reader. “There is no greater indictment of judges than the fact that honest people are afraid to go into court, while criminals swagger out its revolving…

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Smart Dropouts

While our students perform poorly on standardized tests relative to other countries, we have the most desirable institutions of higher education in the world and have a disproportionate share of Nobel Prize winners.  How is this so and do we…

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