Tag: thomas sowell
Legends of Liberty: Thomas Sowell
November 11, 2021 | Post
Last week, we wrote about Frederic Bastiat, the king of communicating economic and philosophical ideas in simple, direct (and often funny) ways. Of course, in the 19th century, Bastiat’s medium was the printed word. But if you had to find an heir to his throne in the social media era, Thomas Sowell would be a […]
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 […]