Basic Economics w/Thomas Sowell Pt.3
posted by Larry at 1/06/2011 04:14:00 AM
Thursday, January 06, 2011
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- Basic Economics Revisited With Thomas Sowell
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Quotes
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"In the Federalist Papers, Madison observed famously that government was necessary because men were not
angels and that controls on government were necessary because those who governed were not angels.
Had Madison commented on socialism, he might have come up with an analogous parodox: if men were angels
then an economy might succeed without selfish incentives, but if men were angels it would not matter
whether the economy succeeded since they would have no material
needs." -- "The Rise and Fall of Socialism," by Joshua Muravchik
***"Government is never more dangerous than when our desire to have it help us, blinds us to its great power to harm us."- Ronald Reagan
***"We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.- C. S. Lewis
***"When we are planning for posterity, we ought to remember that virtue is not hereditary." Thomas Paine, Common Sense, 1776
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