Random Thoughts of an Economist

Pages: 1 2

It is amazing how many people seem to think that, if you give them your phone number or e-mail address, this means that they are authorized to pass them on to others.

Three little words — “We the people,” the opening words of the Constitution of the United States — are the biggest obstacle to achieving the political goals of the left.

For that, they must move decisions away from “We the people” — from individuals to government; from elected officials to unelected judges; and from national institutions to international institutions like the United Nations — all safely remote and insulated from “We the people.”

Some hotels have been called “historic.” But to me that just means old. I don’t like staying in old-fashioned hotels. There is usually a reason why those fashions went out of fashion.

Learned scholars still debate the reasons for the decline and fall of the Roman Empire. Learned scholars of the future, looking back on our decline and fall, may simply be baffled as to how we could have been so stupid.

Awkward and uncomfortable hospital gowns for patients just add a needless complication to the problems of people who are already sick. Surely someone could design something less bothersome.

I have never believed for a moment that Barack Obama has the best interests of the United States at heart.

Many liberals who consider themselves friends or allies of blacks are usually friends or allies of those particular blacks who are doing wrong things, often at the expense of other blacks.

At one time, it was well understood that adversity taught valuable lessons, which reduce the probability of repeating foolish decisions. But, today, the welfare state shields people from the consequences of their own mistakes, allowing irresponsibility to continue and to flourish among ever wider circles of people.

Amid all the concerns about the skyrocketing government debt, a front-page headline in the Wall Street Journal said: “Families Slice Debt to Lowest In 6 Years.” It is remarkable how differently people behave when they are spending their own money compared to the way politicians behave when spending the government’s money.

Pages: 1 2

  • rtthinker

    The problem is that the government is NOT spending "their own money," but, rather, your money and my money that we are forced to give to them and then have little say how they use it!

  • alexander

    What economy? There is no connection between DOW or NASDAQ companies with American people……Chinese companies also sell their goods in USA, so minus well you may show their profits………rrright…….so what?
    Goods are made by Chinese people or Mexicans, Americans keep on losing jobs.
    DOW soon to hit 5,000 and may not stop at that.
    20 yards tall Bama's pictures will follow soon.

  • bill

    "Learned scholars still debate the reasons for the decline and fall of the Roman Empire. Learned scholars of the future, looking back on our decline and fall, may simply be baffled as to how we could have been so stupid."
    This is so right! I've been wondering for years how we americans can take this good thing we have and just beat it to death!

  • tagalog

    I agree with Bill; I have never understood how a society that is doing things well can destroy itself (destruction from external forces I understand perfectly). But now we're living through the same phenomenon here in the U.S.A.

    When I was a kid, I never got the story about killing the goose that lays the golden eggs; how could a sensible person do that? But here we are…

  • Dennis X

    The rich create jobs? The bush tax cuts have been in place for at least six years, where are the jobs. The sale of high end goods is increasing daliy, the rich have to do something with all that money, but they are not creating jobs.

    • Jim_C

      hear hear–I get so sick of that canard. At a time when the rich got EXPONENTIALLY wealthier, by design, through greater access to government who worte the rules in their favor, their tax rates are at HISTORIC LOWS. This is not the thing to make an ideological point about–the rich need to be taxed more–end of story.

      I do take Sowell's point, however: when I say wealthy, I mean "multi-millionaire-wealthy," not the couple who make $250,000 between them. I am not crazy about increasing their burden–you are also talking about small businesses here just trying to make payroll.

  • Chris

    The jobs went away when businesses saw a Marxist about to enter the whitehouse. When Obama leaves, the economy has at at least a chance to recover. Thinjgs will suck until then. Of course Obama has NOTHING to do with the dismal economy. And keep blaming Bush, That ''ll get people back to work!

    Fools and tools and idiots all