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“ ”What is ominous is the ease with which some people go from saying that they don't like something to saying that the government should forbid it. When you go down that road, don't expect freedom to survive very long.
Thomas Sowell (born June 30, 1930) is an American economist and political commentator. He taught economics at Cornell University, the University of California, Los Angeles, and since 1980 at the Hoover Institution at Stanford University, where he is currently Senior Fellow.
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Where beliefs are not checked against facts, but instead facts must meet the test of consonance with the prevailing vision, we are in the process of sealing ourselves off from feedback from reality. Heedless of the past, we are flying blind into the future.
Economics is more than just a way to see patterns or to unravel puzzling anomalies. Its fundamental concern is with the material standard of living of society as a whole and how that is affected by particular decisions made by individuals and institutions. One of the ways of doing this is to look at economic policies and economic systems in terms of the incentives they create, rather than simply the goals they pursue. This means that consequences matter more than intentions — and not just the immediate consequences, but also the longer run repercussions of decisions, policies, and institutions.
Some of the biggest cases of mistaken identity are among intellectuals who have trouble remembering that they are not God.