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Thomas Sowell Daily

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Sharing and analyzing the ideas of economist & author Thomas Sowell 🗽 Follow & Subscribe to support my work. More: @MiltonFriedmanW, @FreedomVoL.

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Caller: “You were a Marxist and then became a conservative. What influenced you?” Sowell: “Working for the government.”

Caller: “You were a Marxist and then became a conservative. What influenced you?” Sowell: “Working for the government.”

74,400 görüntüleme

Thomas Sowell argues that intellectuals cling to bad ideas because they are generally insulated from consequences. While most people pay a price for being wrong and are forced to adapt, intellectuals are judged more by the approval of their peers than by whether their ideas actually work.

Thomas Sowell argues that intellectuals cling to bad ideas because they are generally insulated from consequences. While most people pay a price for being wrong and are forced to adapt, intellectuals are judged more by the approval of their peers than by whether their ideas actually work.

14,636 görüntüleme

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“Centuries of slavery and generations of Jim Crow did not destroy the black family, but one generation of the welfare state did.” — Thomas Sowell

“Centuries of slavery and generations of Jim Crow did not destroy the black family, but one generation of the welfare state did.” — Thomas Sowell

Thomas Sowell Daily

785,535 görüntüleme • 2 ay önce

Thomas Sowell on Barack Obama: “I see him as someone who all his life has been associated with people who fundamentally don’t believe in the principles of this country.” “He always sought out the most radical people. He worked as a ‘community organizer.’ He doesn’t organize a community. He’s mobilizing all the resentments, organizing them in order to put them into battle to get what they want from other people.”

Thomas Sowell on Barack Obama: “I see him as someone who all his life has been associated with people who fundamentally don’t believe in the principles of this country.” “He always sought out the most radical people. He worked as a ‘community organizer.’ He doesn’t organize a community. He’s mobilizing all the resentments, organizing them in order to put them into battle to get what they want from other people.”

Thomas Sowell Daily

1,065,523 görüntüleme • 6 ay önce

Thomas Sowell on the truth about the Great Depression: “There’s this narrative out there that the reason we had mass unemployment in the 1930s was because the market failed.” “It so happens that for the 12 months following the stock market crash, we never hit double digits of unemployment. Unemployment peaked at 9 percent two months after the crash and started going down.” “The unemployment rate was down to 6.3 percent when the federal government figured it had to intervene. And that’s when the downward movement reversed and we never saw 6.3 percent again for the next decade.” “It’s clear as crystal that the disaster came after federal intervention.”

Thomas Sowell on the truth about the Great Depression: “There’s this narrative out there that the reason we had mass unemployment in the 1930s was because the market failed.” “It so happens that for the 12 months following the stock market crash, we never hit double digits of unemployment. Unemployment peaked at 9 percent two months after the crash and started going down.” “The unemployment rate was down to 6.3 percent when the federal government figured it had to intervene. And that’s when the downward movement reversed and we never saw 6.3 percent again for the next decade.” “It’s clear as crystal that the disaster came after federal intervention.”

Thomas Sowell Daily

436,115 görüntüleme • 5 ay önce

Thomas Sowell on engineers vs intellectuals: “The engineer is judged by the end product. If he builds a building that collapses, it doesn’t matter how brilliant his idea was—he’s ruined.” “Conversely, if an intellectual has an idea for rearranging society and that ends in disaster, he pays no price at all.”

Thomas Sowell on engineers vs intellectuals: “The engineer is judged by the end product. If he builds a building that collapses, it doesn’t matter how brilliant his idea was—he’s ruined.” “Conversely, if an intellectual has an idea for rearranging society and that ends in disaster, he pays no price at all.”

Thomas Sowell Daily

407,127 görüntüleme • 5 ay önce

🚨 Thomas Sowell debunks the Great Depression’s most entrenched myth “There’s this narrative out there that the reason we had mass unemployment in the 1930s was because the market failed. It so happens that for the 12 months following the stock market crash, we never hit double digits of unemployment.” “Unemployment peaked at 9 percent two months after the crash and started going down. The unemployment rate was down to 6.3 percent when the federal government figured it had to intervene.” “And that’s when the downward movement reversed and we never saw 6.3 percent again for the next decade. It’s clear as crystal that the disaster came after federal intervention.”

🚨 Thomas Sowell debunks the Great Depression’s most entrenched myth “There’s this narrative out there that the reason we had mass unemployment in the 1930s was because the market failed. It so happens that for the 12 months following the stock market crash, we never hit double digits of unemployment.” “Unemployment peaked at 9 percent two months after the crash and started going down. The unemployment rate was down to 6.3 percent when the federal government figured it had to intervene.” “And that’s when the downward movement reversed and we never saw 6.3 percent again for the next decade. It’s clear as crystal that the disaster came after federal intervention.”

Thomas Sowell Daily

405,759 görüntüleme • 6 ay önce

Thomas Sowell on Alexandria Ocasio-Cortez (AOC): “As I listened to her, I was amazed that there seems to be no factual issue as far as she is concerned. She just pronounces things to be so and that’s the end of it.”

Thomas Sowell on Alexandria Ocasio-Cortez (AOC): “As I listened to her, I was amazed that there seems to be no factual issue as far as she is concerned. She just pronounces things to be so and that’s the end of it.”

Thomas Sowell Daily

313,658 görüntüleme • 7 ay önce

Thomas Sowell on what’s wrong with education today: “Too many students are introduced to a certain vision of the world—for example, the capitalists are exploiting the workers.” “They just memorize that, and they talk about it as if it’s a known fact. There’s no developing in those students the ability to look at two different views and try to figure out which is correct.”

Thomas Sowell on what’s wrong with education today: “Too many students are introduced to a certain vision of the world—for example, the capitalists are exploiting the workers.” “They just memorize that, and they talk about it as if it’s a known fact. There’s no developing in those students the ability to look at two different views and try to figure out which is correct.”

Thomas Sowell Daily

167,350 görüntüleme • 3 ay önce

Thomas Sowell on the Clintons and Barack Obama: “The Clintons had the saving grace of utter lack of principle—when they saw which way the political wind was blowing, that’s the way they’d go, regardless of what they’d been saying before.” “[Obama] has been a far-left ideologue for twenty years... I think this man really does believe that he can change the world; people like that are infinitely more dangerous than mere crooked politicians.”

Thomas Sowell on the Clintons and Barack Obama: “The Clintons had the saving grace of utter lack of principle—when they saw which way the political wind was blowing, that’s the way they’d go, regardless of what they’d been saying before.” “[Obama] has been a far-left ideologue for twenty years... I think this man really does believe that he can change the world; people like that are infinitely more dangerous than mere crooked politicians.”

Thomas Sowell Daily

92,353 görüntüleme • 3 ay önce

Thomas Sowell: “People often emphasize to me the enormous importance of leadership for any ethnic group to get ahead.” “My response is often: Name me three Japanese American leaders. No one has been able to do it.”

Thomas Sowell: “People often emphasize to me the enormous importance of leadership for any ethnic group to get ahead.” “My response is often: Name me three Japanese American leaders. No one has been able to do it.”

Thomas Sowell Daily

139,309 görüntüleme • 5 ay önce

Thomas Sowell on engineers vs intellectuals: “The engineer is judged by the end product: if he builds a building that collapses, he’s ruined.” “Conversely, if an intellectual who is brilliant has an idea for rearranging society and it ends in disaster, he pays no price at all.”

Thomas Sowell on engineers vs intellectuals: “The engineer is judged by the end product: if he builds a building that collapses, he’s ruined.” “Conversely, if an intellectual who is brilliant has an idea for rearranging society and it ends in disaster, he pays no price at all.”

Thomas Sowell Daily

163,300 görüntüleme • 7 ay önce

Thomas Sowell: “The Soviet Union was one of the most richly supplied countries with natural resources—and probably the most richly supplied.” “The irony is, one of the world’s great famines occurred in the Soviet Union ... Milton Friedman once said that if the government took over the Sahara Desert, there’d be a shortage of sand. The Soviet Union was just that way.”

Thomas Sowell: “The Soviet Union was one of the most richly supplied countries with natural resources—and probably the most richly supplied.” “The irony is, one of the world’s great famines occurred in the Soviet Union ... Milton Friedman once said that if the government took over the Sahara Desert, there’d be a shortage of sand. The Soviet Union was just that way.”

Thomas Sowell Daily

85,795 görüntüleme • 5 ay önce

Thomas Sowell on how he taught students: “I’d spend a great deal of time putting together a reading list, where I’d find the strongest argument on one side and then the best example of the opposing view.” “I didn’t test students on which side they believed. I tested them on whether they understood the arguments on both sides.”

Thomas Sowell on how he taught students: “I’d spend a great deal of time putting together a reading list, where I’d find the strongest argument on one side and then the best example of the opposing view.” “I didn’t test students on which side they believed. I tested them on whether they understood the arguments on both sides.”

Thomas Sowell Daily

36,705 görüntüleme • 2 ay önce

Most people, even in high-crime areas, are not criminals. It’s simple: lock up violent repeat offenders, and crime will drop significantly. “When the bad guys were behind bars, they didn’t commit as many crimes.”

Most people, even in high-crime areas, are not criminals. It’s simple: lock up violent repeat offenders, and crime will drop significantly. “When the bad guys were behind bars, they didn’t commit as many crimes.”

Thomas Sowell Daily

47,209 görüntüleme • 2 ay önce

Thomas Sowell describes how he taught students: “I’d spend a great deal of time putting together a reading list, where I’d find the strongest argument on one side and then the best example of the opposing view.” “I didn’t test students on which side they believed. I tested them on whether they understood the arguments on both sides.”

Thomas Sowell describes how he taught students: “I’d spend a great deal of time putting together a reading list, where I’d find the strongest argument on one side and then the best example of the opposing view.” “I didn’t test students on which side they believed. I tested them on whether they understood the arguments on both sides.”

Thomas Sowell Daily

67,515 görüntüleme • 5 ay önce

Thomas Sowell breaks down how most intellectuals think: “The best definition I’ve heard is from Hayek—he says an intellectual is a ‘secondhand dealer in ideas.’” “The vast majority of intellectuals don’t originate any ideas but they peddle ideas that other people have originated.” “That gives them a great deal of freedom because ideas and words are so malleable. Reality is not malleable. So they can believe in all sorts of things which have no realistic possibility and which have failed time and again in history.” “But because they know how to rephrase it and repackage it, they can just keep right on going.”

Thomas Sowell breaks down how most intellectuals think: “The best definition I’ve heard is from Hayek—he says an intellectual is a ‘secondhand dealer in ideas.’” “The vast majority of intellectuals don’t originate any ideas but they peddle ideas that other people have originated.” “That gives them a great deal of freedom because ideas and words are so malleable. Reality is not malleable. So they can believe in all sorts of things which have no realistic possibility and which have failed time and again in history.” “But because they know how to rephrase it and repackage it, they can just keep right on going.”

Thomas Sowell Daily

60,805 görüntüleme • 5 ay önce

Socialists don’t understand that wealth must be CREATED before it can be distributed. If there is no wealth, there is nothing to distribute.

Socialists don’t understand that wealth must be CREATED before it can be distributed. If there is no wealth, there is nothing to distribute.

Thomas Sowell Daily

34,381 görüntüleme • 2 ay önce

Thomas Sowell on what’s wrong with education today: “Too many students are introduced to a certain vision of the world—for example, the capitalists are exploiting the workers.” “They just memorize that, and they talk about it as if it’s a known fact. There’s no developing in those students the ability to look at two different views and try to figure out which is correct.”

Thomas Sowell on what’s wrong with education today: “Too many students are introduced to a certain vision of the world—for example, the capitalists are exploiting the workers.” “They just memorize that, and they talk about it as if it’s a known fact. There’s no developing in those students the ability to look at two different views and try to figure out which is correct.”

Thomas Sowell Daily

68,456 görüntüleme • 6 ay önce

Thomas Sowell: “The Soviet Union was one of the most richly supplied countries with natural resources—and probably the most richly supplied.” “The irony is, one of the world’s great famines occurred in the Soviet Union... Milton Friedman once said that if the government took over the Sahara Desert, there’d be a shortage of sand. The Soviet Union was just that way.”

Thomas Sowell: “The Soviet Union was one of the most richly supplied countries with natural resources—and probably the most richly supplied.” “The irony is, one of the world’s great famines occurred in the Soviet Union... Milton Friedman once said that if the government took over the Sahara Desert, there’d be a shortage of sand. The Soviet Union was just that way.”

Thomas Sowell Daily

36,265 görüntüleme • 3 ay önce

Thomas Sowell recalls how he fought off a school bully in Harlem: “Because I still had a southern accent, they would pick on me. I’d try to reason with them, and one day, when I ran out of reasons, I simply grabbed one kid’s head and smashed his face into a stonewall.”

Thomas Sowell recalls how he fought off a school bully in Harlem: “Because I still had a southern accent, they would pick on me. I’d try to reason with them, and one day, when I ran out of reasons, I simply grabbed one kid’s head and smashed his face into a stonewall.”

Thomas Sowell Daily

52,921 görüntüleme • 5 ay önce

Thomas Sowell remained a Marxist well into his twenties, even after studying economics at the University of Chicago under Milton Friedman. What changed his mind was his experience working for the Department of Labor in 1960. While studying Puerto Rico’s sugar industry, Sowell found that unemployment was rising as federally mandated minimum wages increased. He expected government officials to share his interest in whether the minimum wage law was actually helping workers. Instead, he discovered that they were more concerned with preserving the law because it provided roughly a third of the department’s funding. That experience fundamentally changed Sowell’s view of government. He realized that public officials, like everyone else, have their own self-interest and that they may preserve programs that benefit them regardless of the effects on those the programs are meant to help.

Thomas Sowell remained a Marxist well into his twenties, even after studying economics at the University of Chicago under Milton Friedman. What changed his mind was his experience working for the Department of Labor in 1960. While studying Puerto Rico’s sugar industry, Sowell found that unemployment was rising as federally mandated minimum wages increased. He expected government officials to share his interest in whether the minimum wage law was actually helping workers. Instead, he discovered that they were more concerned with preserving the law because it provided roughly a third of the department’s funding. That experience fundamentally changed Sowell’s view of government. He realized that public officials, like everyone else, have their own self-interest and that they may preserve programs that benefit them regardless of the effects on those the programs are meant to help.

Thomas Sowell Daily

30,441 görüntüleme • 2 ay önce