“Bailing out people who made ill-advised mortgages makes no more sense than bailing out people who lost their life savings in Las Vegas casinos.”
— Thomas Sowell
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I used to re-enact so many scenes from this film when I was a kid, on my own and then with my begrudging friends! Great memories! Also every morning when I make my raw egg shake I always think of Sebastian’s Dad.
“The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of.”
— Is Reality Optional?: And Other Essays (Hoover Institution Press Publication) (Volume 418)
“Unfortunately, the real minimum wage is always zero, regardless of the laws, and that is the wage that many workers receive in the wake of the creation or escalation of a government-mandated minimum wage, because they lose their jobs or fail to find jobs when they enter the labor force. Making it illegal to pay less than a given amount does not make a worker’s productivity worth that amount—and, if it is not, that worker is unlikely to be employed.”
— Basic Economics: A Citizen's Guide to the Economy
Yup. I used to just play with my friends straight out of school until my mum shouted out the window “dinner!” and then back out again until it was dark. Didn’t even need a watch!
“I have never understood why it is ‘greed’ to want to keep the money you have earned but not greed to want to take somebody else's money.”
— Barbarians inside the Gates and Other Controversial Essays
“Envy was once considered to be one of the seven deadly sins before it became one of the most admired virtues under its new name, ‘social justice’.”
— The Quest for Cosmic Justice
“People who pride themselves on their ‘complexity’ and deride others for being “simplistic” should realize that the truth is often not very complicated. What gets complex is evading the truth.”
— Thomas Sowell
“In other words, evidence is too dangerous—politically, financially and psychologically—for some people to allow it to become a threat to their interests or to their own sense of themselves.”
— Thomas Sowell
“Some things are believed because they are demonstrably true. But many other things are believed simply because they have been asserted repeatedly—and repetition has been accepted as a substitute for evidence.”
— Thomas Sowell
Notes by ThomasSowellQuotes | export