Both history and contemporary data show that countries prosper more when there are stable and dependable rules, under which people can make investments without having to fear unpredictable new government interventions before these investments can pay off.
Thomas Sowell Carolinian
Source
Economic 'Plan'?" September 11, 2012.
- year
- 2012
Cite this record
“Both history and contemporary data show that countries prosp…” Thomas Sowell. Carolina Quotes, record CQ-B72BFCB966. https://carolinaquotes.com/quote/b72bfcb966
More from Thomas Sowell
It may be expecting too much to expect most intellectuals to have common sense, when their whole life is based on their being uncommon -- that is, saying things that are different from what everyone else is saying. There is only so much genuine originality in anyone. After that, being uncommon means indulging in pointless eccentricities or clever attempts to mock or shock.
The greatness of a free-market economy is that it does not depend upon the wisdom of those who happen to be on top at the moment.
Most problems do not get solved. They get superseded by other concerns.