Tag: thomas sowell

Trade-Offs, Not Solutions

January 15, 2016 | Post

Among my favorite observations made by Thomas Sowell is his insistence that in economic reality human beings confront, not the possibility of solutions to problems but, instead, only trade-offs.  We can have more of this good, but only at the cost of having less of that good.  T.A.N.S.T.A.A.F.L.  Such is economic reality. A frustration suffered […]