Human beings are going to make mistakes, whether in the market or in the government. The difference is that survival in the market requires recognizing mistakes and changing course before you go bankrupt. But survival in politics requires denying mistakes and sticking with the policies you advocated, while blaming others for the bad results.
— Thomas Sowell, Basic Economics (2000)
Verified — Primary Source
Wear the words

"Read Sowell" Tee
$24.95USD
View →Related Quotes
“Ask ten people what ‘fairness’ means and you can get eleven different definitions. Expecting the government to promote ‘fairness’ is just giving politicians more arbitrary power.”
Ever Wonder Why? And Other Controversial Essays (2006)
Read →“Some people are puzzled by the fact that so much that is said and done by politicians seems remote from reality. But reality is not what gets politicians elected. Appearances, rhet...”
Random Thoughts (2001)
Read →“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...”
Intellectuals and Society (2009)
Read →Join thousands of Sowell fans. New quotes, new gear, and the stuff I don’t post on Facebook.
Wear the words.
Browse the collection →