Thomas Sowell quotes - page 5
In a country with more than 300 million people, it is remarkable how obsessed the media have become with just one-Donald Trump. What is even more remarkable is that, after seven years of repeated disasters, both domestically and internationally, under a glib egomaniac in the White House, so many potential voters are turning to another glib egomaniac to be his successor.
Thomas Sowell
Those who believe that "basic necessities" should belong to people as a matter of right ignore the implication -- that people are to work only for amenities, frivolities, and ego. Will that mean more work or less work? And if less, where are all those "basic necessities" coming from that the government is supposed to hand out?
Thomas Sowell
What was special about America was not that it had slavery, which existed all over the world, but that Americans were among the very few peoples who began to question the morality of holding human beings in bondage. That was not yet a majority view among Americans in the 18th century, but it was not even a serious minority view.
Thomas Sowell
It is unnecessary to attempt any general rule as to where the overall balance lies in comparing the respective costs of knowledge in larger and smaller decision-making units. What is important is to understand that (1) the respective cost advantages of the large and small units differ according to the kind of knowledge involved (general versus specific), that (2) most decisions involve mixtures of the two kinds of knowledge, so that the net advantages of the larger and smaller units vary with the kind of decision, and (3) the effectiveness of hierarchical subordination varies with the extent to which the subordinate unit has knowledge advantages over the higher unit.
Thomas Sowell
