Keyword: thomassowell

Brevity: Headers | « Text »
  • The end of abortion (will not be pretty)

    01/20/2012 7:56:47 PM PST · by ReformationFan · 10 replies
    LifeSiteNews ^ | 1-20-12 | Kristen Walker
    I’ve been reading a fascinating book by economist, Stanford University professor, and Hoover Institute Senior Fellow Thomas Sowell called Black Rednecks & White Liberals. In an essay titled “The Real History of Slavery,” Sowell analyzes the complex reasons why most Americans who were morally opposed to slavery did not side with the radical abolitionists. A whole host of reasons stopped good men — including Washington and Jefferson — from supporting any endeavor to simply declare slaves free and release them into the wide world, and foremost among these concerns was the well-being of the slaves themselves. Thomas Sowell knows things...
  • An Ignored 'Disparity': Part III (Thomas Sowell)

    01/17/2012 10:47:30 AM PST · by jazusamo · 8 replies
    Creators Syndicate ^ | January 17, 2012 | Thomas Sowell
    Anyone who has ever been in a Third World country, or even in a slum neighborhood at home, is likely to wonder why there can be such dire poverty among some people, while others are prospering. Both politicians and intellectuals have tended to have simple answers to that question, even if these simple answers have been different in different eras. A hundred years ago, the prevailing answer was that some people are innately and genetically inferior. Not only was this answer thundered from political platforms in redneck dialect by politicians in the Jim Crow South, the same message was...
  • An Ignored 'Disparity': Part IV (Thomas Sowell)

    01/17/2012 10:47:47 AM PST · by jazusamo · 6 replies
    Creators Syndicate ^ | January 17, 2012 | Thomas Sowell
    Different histories, geography, demography and cultures have left various groups, races, nations and civilizations with radically different abilities to create wealth. In centuries past, the majority population of various cities in Eastern Europe consisted of people from Western Europe — Germans, Jews and others — while the vast majority of the population in the surrounding countrysides were Slavs or other indigenous peoples of the region. Just as Western Europe was — and is — more prosperous than Eastern Europe, so Western Europeans living in Eastern European cities in centuries past were more prosperous than the Slavs and others living...
  • An Ignored 'Disparity': Part II (Thomas Sowell)

    01/16/2012 11:11:55 AM PST · by jazusamo · 12 replies
    Creators Syndicate ^ | January 17, 2012 | Thomas Sowell
    One of the ways of trying to reduce the vast disparities in economic success, which are common in countries around the world, is by making higher education more widely available, even for people without the money to pay for it. This can be both a generous investment and a wise investment for a society to make. But, depending on how it is done, it can also be a foolish and even dangerous investment, as many societies around the world have learned the hard way. When institutions of higher learning turn out highly qualified doctors, scientists, engineers and others with...
  • An Ignored 'Disparity' (Thomas Sowell)

    01/16/2012 11:11:19 AM PST · by jazusamo · 10 replies
    Creators Syndicate ^ | January 17, 2012 | Thomas Sowell
    With all the talk about "disparities" in innumerable contexts, there is one very important disparity that gets remarkably little attention — disparities in the ability to create wealth. People who are preoccupied, or even obsessed, with disparities in income are seldom interested much, or at all, in the disparities in the ability to create wealth, which are often the reasons for the disparities in income. In a market economy, people pay us for benefiting them in some way — whether we are sweeping their floors, selling them diamonds or anything in between. Disparities in our ability to create benefits...
  • Kodak and the Post Office (Thomas Sowell)

    01/09/2012 11:41:58 AM PST · by jazusamo · 68 replies
    Creators Syndicate ^ | January 10, 2012 | Thomas Sowell
    The news that Eastman Kodak is preparing to file for bankruptcy, after being the leading photographic company in the world for more than a hundred years, truly marks the end of an era. The skills required to use the cameras and chemicals required by the photography of the mid-19th century were far beyond those of most people — until a man named George Eastman created a company called Kodak, which made cameras that ordinary people could use. It was Kodak's humble and affordable box Brownie that put photography on the map for millions of people, who just wanted to...
  • Thomas Sowell Endorsed Newt Gingrich and Updated Thoughts on the Race

    It's amazing how a candidate who everyone is now dismissing is racking up these big name conservative endorsements like Art Laffer and Thomas Sowell (who endorsed him Wednesday though I somehow missed it). For those of you unfamiliar with Thomas Sowell, he is a brilliant economist/writer who is 100% for small government and provides very reasoned commentary on a regular basis through his columns. Here is a key excerpt: Perhaps the strongest reason for some voters to support Governor Romney is that the smart money says he is more "electable" than the other candidates in general and Newt Gingrich in...
  • Thomas Sowell: Gingrich for president

    12/29/2011 2:50:30 AM PST · by RobinMasters · 11 replies
    Hot Air ^ | DECEMBER 27, 2011 | ALLAHPUNDIT
    A grudging endorsement, but sufficiently esteemed that it deserves a little publicity. The fact that each of the short-lived front-runners in the Republican field gained that position by presenting themselves as staunch conservatives suggests that Republican voters may have been trying to avoid having to accept Mitt Romney, whose record as governor of Massachusetts produced nothing that would be regarded as a serious conservative achievement. Romney’s own talking point that he has been a successful businessman is no reason to put him into a political office, however much it may be a reason for him to become a successful businessman...
  • Republican Voters' Choices (Thomas Sowell)

    12/28/2011 2:49:56 PM PST · by jazusamo · 27 replies
    Creators Syndicate ^ | December 28, 2011 | Thomas Sowell
    No one seems to be really happy with this year's field of Republican candidates for that party's presidential nomination — except perhaps the Democrats. The sudden rise, and equally sudden fall, of a succession of Republican front-runners is just one sign of the dissatisfaction of the Republican voters with this field of candidates. In this, as in many other aspects of life, we can only make our choice among the options actually available. So Republican voters who want to be realistic need to understand that they are going to end up with qualms and nagging doubts about whomever they...
  • Random Thoughts (Thomas Sowell)

    12/26/2011 9:20:43 AM PST · by jazusamo · 17 replies
    Creators Syndicate ^ | December 27, 2011 | Thomas Sowell
    Random thoughts on the passing scene: Talk show host Dennis Miller said, "I don't dig polo. It's like miniature golf meets the Kentucky Derby." Nothing illustrates the superficiality of our times better than the enthusiasm for electric cars, because they are supposed to greatly reduce air pollution. But the electricity that ultimately powers these cars has to be generated somewhere — and nearly half the electricity generated in this country is generated by burning coal. The 2012 Republican primaries may be a rerun of the 2008 primaries, where the various conservative candidates split the conservative vote so many ways...
  • Sowell: The Past and the Present

    12/20/2011 12:26:38 PM PST · by Iam1ru1-2 · 15 replies
    gopusa.com ^ | December 20, 2011 | Thomas Sowell
    If Newt Gingrich were being nominated for sainthood, many of us would vote very differently from the way we would vote if he were being nominated for a political office. What the media call Gingrich's "baggage" concerns largely his personal life and the fact that he made a lot of money running a consulting firm after he left Congress. This kind of stuff makes lots of talking points that we will no doubt hear, again and again, over the next weeks and months. But how much weight should we give to this stuff when we are talking about the future...
  • Gingrich’s Past, Our Future

    12/20/2011 11:08:45 AM PST · by Servant of the Cross · 42 replies
    National Review ^ | 12/20/2011 | Thomas Sowell
    If Newt Gingrich were being nominated for sainthood, many of us would vote very differently from the way we would vote if he were being nominated for a political office. What the media call Gingrich’s “baggage” concerns largely his personal life and the fact that he made a lot of money running a consulting firm after he left Congress. This kind of stuff makes lots of talking points that we will no doubt hear, again and again, over the coming weeks and months. But how much weight should we give to this stuff when we are talking about the future...
  • The Past and the Present (Thomas Sowell on Newt Gingrich)

    12/19/2011 9:59:22 AM PST · by jazusamo · 133 replies
    Creators Syndicate ^ | December 20, 2011 | Thomas Sowell
    If Newt Gingrich were being nominated for sainthood, many of us would vote very differently from the way we would vote if he were being nominated for a political office. What the media call Gingrich's "baggage" concerns largely his personal life and the fact that he made a lot of money running a consulting firm after he left Congress. This kind of stuff makes lots of talking points that we will no doubt hear, again and again, over the next weeks and months. But how much weight should we give to this stuff when we are talking about the...
  • Gridlock to the Rescue? (Thomas Sowell)

    12/12/2011 3:21:02 PM PST · by jazusamo · 9 replies
    Creators Syndicate ^ | December 12, 2011 | Thomas Sowell
    Washington gridlock may turn out to be the salvation of the Obama administration. Not only does gridlock allow the president to blame Republicans for not solving the financial crisis that his own runaway spending created, the inability to carry out as much government intervention in the economy as when the Democrats controlled both Houses of Congress means that the market can now recover on its own to some visible extent before the next election. Such a recovery would of course be credited as a success of the Obama administration's policies. With this theme being echoed throughout the pro-Obama media,...
  • Christmas Books (Thomas Sowell)

    12/05/2011 2:18:48 PM PST · by jazusamo · 15 replies
    Creators Syndicate ^ | December 6, 2011 | Thomas Sowell
    The joys of Christmas do not include coping with crowds at shopping malls or wracking your brains trying to figure out what to get as a gift for someone who already seems to have everything. Books are a way out of both situations. You don't even have to go to a bookstore, with books so readily available on-line. As for the person who seems to have everything, newly published books are among the things they probably don't always have. One of the most enjoyable new books I read this year was a biography titled "Stan Musial: An American Life"...
  • Thomas Sowell On Gingrich And Immigration

    11/28/2011 3:51:13 PM PST · by Kaslin · 107 replies
    IBD Editorial ^ | November 28, 2011 | The great THOMAS SOWELL
    Now that Newt Gingrich has become the latest in a series of Republican front-runners, he is getting the kinds of scrutiny and attacks that have done in other front-runners. One of the issues that have aroused concern among conservative Republicans is that of amnesty for illegal immigrants, especially after Gingrich said that it would not be "humane" to deport someone who has been living and working here for years. Let's go back to square one. The purpose of American immigration laws and policies is not to be either humane or inhumane to illegal immigrants. The purpose of immigration laws and...
  • Lessons of History? (Thomas Sowell)

    11/28/2011 3:08:06 PM PST · by jazusamo · 12 replies
    Creators Syndicate ^ | November 29, 2011 | Thomas Sowell
    It used to be common for people to urge us to learn "the lessons of history." But history gets much less attention these days and, if there are any lessons that we are offered, they are more likely to be the lessons from current polls or the lessons of political correctness. Even among those who still invoke the lessons of history, some read those lessons very differently from others. Talk show host Michael Medved, for example, apparently thinks the Republicans need a centrist presidential candidate in 2012. He said, "Most political battles are won by seizing the center." Moreover,...
  • Super Failure, Or Success?

    11/23/2011 2:09:48 PM PST · by Sick of Lefties · 3 replies
    Noman Says ^ | 11/22/11 | Noman
    Thomas Sowell identifies the true and only significance of the "super committee," which ended its negotiations in failure. Supposedly draconian cuts are to follow, which naturally will not transpire. All that has happened is that blame for reckless spending will shift from the party that spent onto the party that for the most part opposed spending. [quote] If you think the goal was to solve the country's fiscal crisis, then obviously the Super Committee was a complete failure. But, if you think the goal was to improve the chances of the Obama administration being re-elected in 2012, it was a...
  • Failure or Success? (Thomas Sowell)

    11/22/2011 12:37:19 PM PST · by jazusamo · 21 replies
    Creators Syndicate ^ | November 22, 2011 | Thomas Sowell
    Many people are lamenting the failure of the Congressional "Super Committee" to come up with an agreement on ways to reduce the runaway federal deficits. But you cannot judge success or failure without knowing what the goal was. If you think the goal was to solve the country's fiscal crisis, then obviously the Super Committee was a complete failure. But, if you think the goal was to improve the chances of the Obama administration being re-elected in 2012, it was a complete success. Imagine that there had been no Super Committee in the first place. Who would be blamed...
  • Alice in Liberal Land (Thomas Sowell)

    11/21/2011 1:03:41 PM PST · by jazusamo · 22 replies · 1+ views
    Creators Syndicate ^ | November 22, 2011 | Thomas Sowell
    "Alice in Wonderland" was written by a professor who also wrote a book on symbolic logic. So it is not surprising that Alice encountered not only strange behavior in Wonderland, but also strange and illogical reasoning — of a sort too often found in the real world, and which a logician would be very much aware of. If Alice could visit the world of liberal rhetoric and assumptions today, she might find similarly illogical and bizarre thinking. But people suffering in the current economy might not find it nearly as entertaining as "Alice in Wonderland." Perhaps the most remarkable...
  • Will Republicans Blow It? (Thomas Sowell)

    11/14/2011 12:58:56 PM PST · by jazusamo · 75 replies · 1+ views
    Creators Syndicate ^ | November 15, 2011 | Thomas Sowell
    Justice Oliver Wendell Holmes said that a good catch phrase could stop thinking for 50 years. One of the often-repeated catch phrases of our time — "It's the economy, stupid!" — has already stopped thinking in some quarters for a couple of decades. There is no question that the state of the economy can affect elections. But there is also no iron law that all elections will be decided by the state of the economy. President Franklin D. Roosevelt was re-elected for an unprecedented third term after two terms in which unemployment was in double digits for eight consecutive...
  • Interview with Thomas Sowell - Human Events video

    11/12/2011 2:47:47 PM PST · by hocndoc · 8 replies
    Uncommon Knowledge/Human Events ^ | November, 2011 | Peter Robinson and Thomas Sowell
    Five video sections beginning here.Section 1 with video from 1981 introduction by William F. Buckley. He discusses his time as a Marxist, his work with Milton Friedman, and his evolution resulting in his conservativism. Then, in section 5, Dr. Sowell talks about the current crop of Republican Presidential candidates
  • Sowell: The Real Scandal

    11/10/2011 1:46:24 PM PST · by Iam1ru1-2 · 22 replies
    gopusa.com ^ | November 10, 2011 | Thomas Sowell
    The real scandal in the accusations against Herman Cain is the corruption of the law, the media and politics. Let's start with the law. Some people may think the fact that the National Restaurant Association reportedly paid $45,000 to settle a claim made by one of its employees against Mr. Cain is incriminating. Most of us are not going to part with 45 grand without some serious reason. But that is very different from the situation of an organization in the present legal climate. The figure $45,000 struck a chord with me because, some years ago, my wife -- who...
  • Interviewing Thomas Sowell On Race And Social Issues

    11/09/2011 5:04:24 PM PST · by jazusamo · 9 replies
    Rightwing News ^ | November 9, 2011 | John Hawkins
    Although I have yet to finish The Thomas Sowell Reader , so far, so good. Sowell is a brilliant thinker, an extraordinary writer, and the book is written in crisp, clear, easy to read chapters. This book also focuses a great deal on subjects beyond economics, which was an enjoyable change of pace from Sowell’s latest tomes. Last week, I got together for a phone interview with Thomas Sowell. What follows is a slightly edited transcript of our conversation. There was a fascinating chapter in your book called “Do Facts Matter?” In it you talked about racism on campus...
  • The Real Scandal (Thomas Sowell on Cain fiasco)

    11/09/2011 1:31:48 PM PST · by jazusamo · 96 replies
    Creators Syndicate ^ | November 9, 2011 | Thomas Sowell
    The real scandal in the accusations against Herman Cain is the corruption of the law, the media and politics. Let's start with the law. Some people may think the fact that the National Restaurant Association reportedly paid $45,000 to settle a claim made by one of its employees against Mr. Cain is incriminating. Most of us are not going to part with 45 grand without some serious reason. But that is very different from the situation of an organization in the present legal climate. The figure $45,000 struck a chord with me because, some years ago, my wife —...
  • Numbers Games (Thomas Sowell)

    11/07/2011 2:57:35 PM PST · by jazusamo · 14 replies
    Creators Syndicate ^ | November 8, 2011 | Thomas Sowell
    One of the things that has struck me, when I have gone on luxury cruise ships, is that most of the passengers look like they are older than the captain — and luxury cruise ships don't have juveniles as captains. The reason for the elderly clientele is fairly simple: Most people don't reach the point when they can afford to travel on luxury cruise ships until they have worked their way up the income ladder over a long period of years. The relationship between age and income is not hard to understand. It usually takes years to acquire the...
  • Political Culture with Thomas Sowell: Chapter 5 of 5 (video)

    11/04/2011 11:12:16 AM PDT · by Huntress · 18 replies
    Thomas Sowell gives his reaction to President Obama and the current Republican presidential candidates. http://tv.nationalreview.com/uncommonknowledge/post/?q=ZDczMTZhOGQ5MTIyM2IyZjg0YmMzZTdhNzE3ZDM1NzY=
  • Political Culture with Thomas Sowell: Chapter 4 of 5 (video)

    11/03/2011 6:32:41 PM PDT · by Huntress · 10 replies
    Thomas Sowell discusses the American Pastime, and talks about the difference between politics and baseball. http://tv.nationalreview.com/uncommonknowledge/post/?q=ZDRjOTFkMGU0MjI5OTZiOWFkYWU3ZDg4ZTQ5YjVjMmQ=
  • Political Culture with Thomas Sowell: Chapter 3 of 5 (video)

    11/02/2011 5:15:32 PM PDT · by Huntress · 3 replies
    Thomas Sowell talks about the embarrassment society feels when talking about love, but not sex. http://tv.nationalreview.com/uncommonknowledge/post/?q=NGRhYWI1OTcxZDE0Zjg4NGRmNWRjYjU0ODBlZTQ1ZDc=
  • Political Culture with Thomas Sowell: Chapter 2 of 5 (video)

    11/02/2011 5:12:37 PM PDT · by Huntress · 2 replies
    Thomas Sowell discusses why he once was a Marxist and how he picked up the ideas of Free Market. http://tv.nationalreview.com/uncommonknowledge/post/?q=YTZjOWNlYjI3MTgwZGIyZmUyYWM5NjNiOWJkNGM2MTE=
  • Political Culture with Thomas Sowell: Chapter 1 of 5 (video)

    11/02/2011 5:08:33 PM PDT · by Huntress · 13 replies
    http://tv.nationalreview.com/uncommonknowledge/post/?q=MmZjMTVmOWE5YzBlMTdhYjFkMDA0OWNjYmQ2YjFjMTU=
  • A Lifetime of Sowell-Full Thought (Thornberry on The Thomas Sowell Reader)

    11/02/2011 11:35:53 AM PDT · by jazusamo · 11 replies
    The American Spectator ^ | November 2, 2011 | Larry Thornberry
    As Thomas Sowell says in the preface to Reader, it's a challenge to summarize the work of a lifetime. True enough. Especially so when the work summarized is such a broad, intellectual triumph as that of Professor Sowell. But in a little more than 400 pages, this collection from decades of Sowell's columns, essays, and books captures some of the best diagnoses and critiques of our post-everything time from one of our time's clearest thinkers. Considering the season soon to be upon us, Reader would be an excellent stocking-stuffer for the conservative readers on your list. Sowell, 81, earned a...
  • Payday Loans (Thomas Sowell)

    10/31/2011 1:17:48 PM PDT · by jazusamo · 65 replies
    Creators Syndicate ^ | November 1, 2011 | Thomas Sowell
    California is a great place for studying the thinking — or lack of thinking — on the political left. The mindset of the left was recently displayed in a big, front-page story in the October 30th issue of the San Mateo County Times. It was an investigative reporter's exposé of the "payday loan" business and its lobbyists. According to the reporter: "In California lenders charge up to $45 in fees on a maximum $300 loan. This amounts to an interest rate of 460 percent, trapping some borrowers into a never-ending cycle of debt." Let's take this one step at...
  • Democracy Versus Mob Rule (Thomas Sowell)

    10/31/2011 10:59:40 AM PDT · by jazusamo · 13 replies
    Creators Sydicate ^ | November 1, 2011 | Thomas Sowell
    In various cities across the country, mobs of mostly young, mostly incoherent, often noisy and sometimes violent demonstrators are making themselves a major nuisance. Meanwhile, many in the media are practically gushing over these "protesters," and giving them the free publicity they crave for themselves and their cause — whatever that is, beyond venting their emotions on television. Members of the mobs apparently believe that other people, who are working while they are out trashing the streets, should be forced to subsidize their college education — and apparently the President of the United States thinks so too. But if...
  • The Media and 'Bullying' (Thomas Sowell)

    10/24/2011 1:19:23 PM PDT · by jazusamo · 24 replies
    Creators Syndicate ^ | October 25, 2011 | Thomas Sowell
    Back in the 1920s, the intelligentsia on both sides of the Atlantic were loudly protesting the execution of political radicals Sacco and Vanzetti, after what they claimed was an unfair trial. Supreme Court Justice Oliver Wendell Holmes wrote to his young leftist friend Harold Laski, pointing out that there were "a thousand-fold worse cases" involving black defendants, "but the world does not worry over them." Holmes said: "I cannot but ask myself why this so much greater interest in red than black." To put it bluntly, it was a question of whose ox was gored. That is, what groups...
  • Random Thoughts

    10/18/2011 4:51:03 AM PDT · by Recovering_Democrat · 4 replies
    Townhall ^ | 10/18/11 | Thomas Sowell
    Random thoughts on the passing scene: Like so many people, in so many countries, who started out to "spread the wealth," Barack Obama has ended up spreading poverty. Have you ever heard anyone as incoherent as the people staging protests across the country? Taxpayers ought to be protesting against having their money spent to educate people who end up unable to say anything beyond repeating political catch phrases.
  • Random Thoughts (Thomas Sowell)

    10/17/2011 2:04:37 PM PDT · by jazusamo · 24 replies
    Creators Syndicate ^ | October 18, 2011 | Thomas Sowell
    Random thoughts on the passing scene: Like so many people, in so many countries, who started out to "spread the wealth," Barack Obama has ended up spreading poverty. Have you ever heard anyone as incoherent as the people staging protests across the country? Taxpayers ought to be protesting against having their money spent to educate people who end up unable to say anything beyond repeating political catch phrases. It is hard to understand politics if you are hung up on reality. Politicians leave reality to others. What matters in politics is what you can get the voters to believe,...
  • Thomas Sowell to be on Hannity Show (Vanity)

    10/14/2011 8:52:31 AM PDT · by jazusamo · 20 replies
    Vanity | October 14, 2011 | jazusamo
    Thomas Sowell will be on the Fox News Hannity Show tonight, Oct. 14, 2011. This was announced on last nights show.
  • Reverse Racism (Thomas Sowell)

    10/10/2011 2:12:04 PM PDT · by jazusamo · 45 replies
    Creators Syndicate ^ | October 11, 2011 | Thomas Sowell
    Among those who have been disappointed by President Barack Obama, none is likely to end up so painfully disappointed as those who saw his election as being, in itself and in its consequences, a movement toward a "post-racial society." Like so many other expectations that so many people projected onto this little-known man who suddenly burst onto the political scene, the expectation of movement toward a post-racial society had no speck of hard evidence behind it — and all too many ignored indications of the very opposite, including his two decades of association with the egregious Reverend Jeremiah Wright....
  • 'Stop Whining'? (Thomas Sowell)

    10/03/2011 11:29:28 AM PDT · by jazusamo · 17 replies
    Creators Syndicate ^ | October 4, 2011 | Thomas Sowell
    If there was ever any doubt that the Democrats take the black vote for granted, that doubt should have been put to rest when Barack Obama told the Congressional Black Caucus, "Stop whining!" Have you ever before heard either a Democratic or a Republican leader tell his party's strongest supporters, "Stop whining"? Blacks have a lot to complain about, not just about this Democratic administration but about many other Democratic administrations, national and local, over the years. Unfortunately, black voters, like many other voters, often judge by rhetoric, rather than realities. When it comes to racial rhetoric, the Democrats...
  • The 'Hunger' Hoax (Thomas Sowell)

    10/03/2011 11:10:09 AM PDT · by jazusamo · 48 replies
    Creators Syndicate ^ | October 4, 2011 | Thomas Sowell
    Twenty years ago, hysteria swept through the media over "hunger in America." Dan Rather opened a CBS Evening News broadcast in 1991 declaring, "one in eight American children is going hungry tonight." Newsweek, the Associated Press and the Boston Globe repeated this statistic, and many others joined the media chorus, with or without that unsubstantiated statistic. When the Centers for Disease Control and the Department of Agriculture examined people from a variety of income levels, however, they found no evidence of malnutrition among those in the lowest income brackets. Nor was there any significant difference in the intake of...
  • Politics vs. Economics (Thomas Sowell)

    09/26/2011 1:03:22 PM PDT · by jazusamo · 5 replies
    Creators Syndicate ^ | September 26, 2011 | Thomas Sowell
    They say "all politics is local." But economic decisions impact the whole economy and reverberate internationally. That is why politicians' meddling with the economy creates so many disasters. The time horizon of politics seldom reaches beyond the next election. But, in economics, when an oil company invests in oil explorations today, the oil they eventually find and process may not make its way to market and earn a profit until it is sold as gasoline a decade from now. In short, the focus of politicians is extremely limited in both space and time — and all the repercussions that...
  • Superman vs. Warm Body (Thomas Sowell)

    09/26/2011 12:23:03 PM PDT · by jazusamo · 96 replies
    Creators Syndicate ^ | September 26, 2011 | Thomas Sowell
    One of the problems in trying to select a leader for any large organization or institution is the tendency to start out looking for Superman, passing up many good people who fail to meet that standard, and eventually ending up settling for a warm body. Some Republicans seem to be longing for another Ronald Reagan. Good luck on that one, unless you are prepared to wait for several generations. Moreover, even Ronald Reagan himself did not always act like Ronald Reagan. The current outbreak of "gotcha" attacks on Texas Governor Rick Perry show one of the other pitfalls for...
  • Unsound Bites (Thomas Sowell)

    09/19/2011 3:10:51 PM PDT · by jazusamo · 12 replies · 1+ views
    Creators Syndicate ^ | September 20, 2011 | Thomas Sowell
    The so-called "debates" among Republican presidential aspirants are classic examples of the media spreading misunderstanding instead of enlightenment. The ancient admonition, "With all you're getting, get understanding" has been replaced in the media by, "With all you're getting, get sound bites — and, if possible, 'gotcha' sound bites." After all the media hype over Governor Rick Perry's having called Social Security "a Ponzi scheme," viewers are no more informed than before as to what specifically is a Ponzi scheme, what are the objections to such schemes, and whether those same objections apply to Social Security. Even if such questions...
  • The ‘Ponzi' Sound Bite (Thomas Sowell)

    09/19/2011 2:41:36 PM PDT · by jazusamo · 42 replies
    Creators Syndicate ^ | September 20, 2011 | Thomas Sowell
    Many in the media and in politics have gone ballistic over the fact that Texas Governor Rick Perry called Social Security "a Ponzi scheme." Although many act shocked, shocked, as if Rick Perry had said something unthinkable, Governor Perry is not even among the first thousand people to call Social Security a Ponzi scheme. Not only conservatives, but even some liberals, have been calling Social Security a Ponzi scheme for decades. Moreover, neither the media nor the politicians who are carrying on over the use of the words "Ponzi scheme" show the slightest interest in any hard facts that...
  • The Cloward-Piven Strategy of Manufactured Crisis [Obama's strategy for destroying the economy]

    09/18/2011 8:16:34 AM PDT · by ETL · 11 replies
    frontpage.americandaughter.com ^ | August 31, 2008 | Jim Simpson
    Liberals self-righteously wrap themselves in the mantle of public spirit. They ardently promote policies promising to deliver the poor and oppressed from their latest misery — policies which can only find solution in the halls of government. But no matter what issue one examines, over the last fifty plus years, the liberal prescription has almost always been a failure.Why is this so? Why does virtually every liberal scheme result in ever-increasing public spending while conditions seem to get continually worse? There are a number of reasons: The programs usually create adverse incentives. This is especially true in so-called “anti-poverty” programs....
  • Thomas Sowell: How Obama Could Win (He could follow FDR’s example)

    09/14/2011 6:49:28 AM PDT · by SeekAndFind · 20 replies
    National Review ^ | 09/14/2011 | Thomas Sowell
    Some people are hoping that President Obama’s plan will get the economy out of the doldrums and start providing jobs for the unemployed. Others are hoping that the Republicans’ plan will do the trick. Those who are truly optimistic hope that Democrats and Republicans will put aside their differences and do what is best for the country. Almost nobody seems to be hoping that the government will leave the economy alone to recover on its own. Indeed, almost nobody seems at all interested in looking at the hard facts about what happens when the government leaves the economy alone, compared...
  • Back to the Future: Part III (Thomas Sowell)

    09/12/2011 2:38:31 PM PDT · by jazusamo · 14 replies
    Creators Syndicate ^ | September 13, 2011 | Thomas Sowell
    Ninety years ago — in 1921 — federal income tax policies reached an absurdity that many people today seem to want to repeat. Those who believe in high taxes on "the rich" got their way. The tax rate on people in the top income bracket was 73 percent in 1921. On the other hand, the rich also got their way: They didn't actually pay those taxes. The number of people with taxable incomes of $300,000 a year and up — equivalent to far more than a million dollars in today's money — declined from more than a thousand people...
  • Back to the Future: Part II (Thomas Sowell)

    09/12/2011 2:28:11 PM PDT · by jazusamo · 6 replies · 1+ views
    Creators Sydicate ^ | September 13, 2011 | Thomas Sowell
    Some people are hoping that President Obama's plan will get the economy out of the doldrums and start providing jobs for the unemployed. Others are hoping that the Republicans' plan will do the trick. Those who are truly optimistic hope that Democrats and Republicans will both put aside their partisanship and do what is best for the country. Almost nobody seems to be hoping that the government will leave the economy alone to recover on its own. Indeed, almost nobody seems at all interested in looking at the hard facts about what happens when the government leaves the economy...
  • Back to the Future? (Thomas Sowell rips Obama)

    09/12/2011 2:16:31 PM PDT · by jazusamo · 13 replies
    Creators Syndicate ^ | September 13, 2011 | Thomas Sowell
    Those who are impressed by words seem to think that President Barack Obama made a great speech to Congress last week. But, when you look beyond the rhetoric, what did he say that was fundamentally different from what he has been saying and doing all along? Are we to continue doing the same kinds of things that have failed again and again, just because Obama delivers clever words with style and energy? Once we get past the glowing rhetoric, what is the president proposing? More spending! Only the words have changed — from "stimulus" to "jobs" and from "shovel-ready...