Category: economist
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I suspect that even most conservatives would prefer to live in the kind of world conjured up in the liberals’ imagination rather than in the kind of world we are in fact stuck with.
Thomas Sowell
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Hyperinflation can take virtually your entire life’s savings, without the government having to bother raising the official tax rate at all.
Thomas Sowell
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What is ominous is the ease with which some people go from saying that they don’t like something to saying that the government should forbid it. When you go down that road, don’t expect freedom to survive very long.
Thomas Sowell
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If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.
Thomas Sowell
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A study of the history of opinion is a necessary preliminary to the emancipation of the mind.
John Maynard Keynes
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The Congressional Budget Office has been embarrassed repeatedly by making projections based on the assumption that tax revenues and tax rates move in the same direction.
Thomas Sowell
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Brainy folks were also present in Lyndon Johnson’s administration, especially in the Pentagon, where Secretary of Defense Robert McNamara’s brilliant ‘whiz kids’ tried to micro-manage the Vietnam war, with disastrous results.
Thomas Sowell
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The biggest and most deadly ‘tax’ rate on the poor comes from a loss of various welfare state benefits – food stamps, housing subsidies and the like – if their income goes up.
Thomas Sowell
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Words ought to be a little wild, for they are the assaults of thoughts on the unthinking.
John Maynard Keynes
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For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
John Maynard Keynes