The Words of Thomas Sowell
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As of 1948, during this period of no effective minimum wage law, the unemployment rates of both black and white teenagers were just a fraction of what they would become in later years, as minimum wage rates began rising in the 1950s to catch up, and then keep up, with inflation in later years.
— Discrimination and Disparities (2018)
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It is a classic notion on the left in general, and of environmentalist zealots in particular, that no one can disagree with them unless they are either uninformed or dishonest.
— Global Hot Air: Part II (2007)
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The fundamental difference between decision-makers in the market and decision-makers in government is that the former are subject to continuous and consequential feedback which can force them to adjust to what others prefer and are willing to pay for, while those who make decisions in the political arena face no such inescapable feedback to force them to adjust to the reality of other people’s desires and preferences.
— Intellectuals and Society (2009)
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