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Thomas Sowell Quotes: As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.
         

As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.


Thomas Sowell
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Other quotes of Thomas Sowell


It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.



When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.

When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.



Racism is not dead, but it is on life support -- kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as 'racists'

Racism is not dead, but it is on life support -- kept alive by politicians, race hustlers and people who get a sense of superiority by denouncing others as 'racists'



It takes considerable knowledge just to realize the extent of your own ignorance.

It takes considerable knowledge just to realize the extent of your own ignorance.



Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.

Any politician who can be elected only by turning Americans against other Americans is too dangerous to be elected.



The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.

The next time some academics tell you how important diversity is, ask how many Republicans there are in their sociology department.



Liberals seem to assume that, if you don't believe in their particular political solutions, then you don't really care about the people that they claim to want to help.

Liberals seem to assume that, if you don't believe in their particular political solutions, then you don't really care about the people that they claim to want to help.



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.

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.



Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.

Capitalism knows only one color: that color is green; all else is necessarily subservient to it, hence, race, gender and ethnicity cannot be considered within it.



The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.





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As soon as Mr. Prosser realized that he was substantially the loser after all, it was as if a weight lifted itself off his shoulders: this was more like the world as he knew it.

As soon as Mr. Prosser realized that he was substantially the loser after all, it was as if a weight lifted itself off his shoulders: this was more like the world as he knew it.



It was good that she remembered him, though it was exhausting to do so.No rest for the weary. Or the dying. Or the dead.

It was good that she remembered him, though it was exhausting to do so.No rest for the weary. Or the dying. Or the dead.



Everyone has at least one talent. It's just that some talents are pointless.

Everyone has at least one talent. It's just that some talents are pointless.



Before checking that last email before you go to bed, say to yourself, No, I am important. This is important. My body is more important.

Before checking that last email before you go to bed, say to yourself, No, I am important. This is important. My body is more important.



English is a forgiving language. It's not like Classical Arabic and it's not like French. You can speak broken English and be expressive and no one will hold it against you.

English is a forgiving language. It's not like Classical Arabic and it's not like French. You can speak broken English and be expressive and no one will hold it against you.



You have this world of mathematics, which is very real and which contains all kinds of wonderful stuff. And then we also have the world of nature, which is real, too.

You have this world of mathematics, which is very real and which contains all kinds of wonderful stuff. And then we also have the world of nature, which is real, too.



Nobody fights you like your own sister; nobody else knows the most vulnerable parts of you and will aim for them without mercy.

Nobody fights you like your own sister; nobody else knows the most vulnerable parts of you and will aim for them without mercy.



Do what you love and you'll always love what you do. I've found that that's true most of the time.

Do what you love and you'll always love what you do. I've found that that's true most of the time.



A hypochondriac is one who has a pill for everything except what ails him.

A hypochondriac is one who has a pill for everything except what ails him.



It's always marketeers building their own careers.

It's always marketeers building their own careers.




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This page presents the quote "As an economist, whenever I hear the word shortage I wait for the other shoe to drop. That other shoe is usually price control.". Author of this quote is Thomas Sowell. This quote is about shortage, shoes, economist, waiting,.