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Tag Archives: thomas sowell
“There is an old Russian fable, with different versions in other countries, about two poor peasants, Ivan and Boris. The only difference between them was that Boris had a goat and Ivan didn’t. One day, Ivan came upon a strange-looking … Continue reading
Economics is defined as “the study of the use of scarce resources which have alternative uses” (Definition by Lionel Robbins quoted by Thomas Sowell, Basic Economics, p. 2). “What does ‘scarce’ mean? It means that what everybody wants adds up … Continue reading
The word “anxiety” word is from a Latin word meaning “to strangle.” The word “worry” is from an old English word meaning “to strangle.” Adam Clark indicates that the Biblical word, merimnao, can be used of “dividing or distracting the … Continue reading
It is no secret. Women typically earn less income than men. “For American women twenty-five and older who hold at least a bachelor’s degree and work full-time, the national median income is about $47,000. Similar men, meanwhile, make more than … Continue reading
Justice Oliver Wendell Holmes Jr. served on the U.S. Supreme Court from 1902-1932. He understood that there were limits on human judges. He was once exhorted by Judge Learned Hand “Do justice, Sir, do justice.” Justice Holmes replied “That is … Continue reading
There are well over a million lawyers in the U.S.A. (1,143,358 as of the end of 2007. Source: wiki.answers.com). There are more per capita here than anywhere. There are only about 954,000 physicians (www.wsj.com). There are also many lawsuits in … Continue reading
There are many advantages to living in twenty-first century America. “It was not very long ago, as history is measured, when such things as oranges or cocoa were the luxuries of the rich and when it was considered an extravagance … Continue reading
America is rare. Few countries in the history of the world have afforded so much opportunity to its citizens to select its leaders. This brings much responsibility. It is said that a lady asked Benjamin Franklin “Well, Doctor, what have … Continue reading