Thursday, May 31, 2007

Quote of the Day

The First Lesson of Economics: We live in a universe of scarcity, and there is never enough of anything to fully satisfy all those who want it.

The First Lesson of Politics: Disregard the first lesson of economics.

~Thomas Sowell

3 Comments:

At 6/01/2007 10:05 AM, Anonymous Thomas Blair said...

I frequently give away copies of Sowell's Basic Economics as gifts. It's a fantastic book.

 
At 6/04/2007 5:13 PM, Blogger juandos said...

Yes indeed Mr. Blair, that is a great book to read or give as a gift though many might not want to delve into it to deeply and thereby have all their preconceived notions tossed into the waste bit as I've found out...

BTW there is in a small manner of speaking an online verison of Dr. Sowell's book that has come in handy for me and its titled: Basic Economics - A Citizen’s guide to the Economy...

Its forty eight pages long...

 
At 7/17/2008 11:39 PM, Anonymous Anonymous said...

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