Thomas Sowell

Principles are our summary of their public statements.

• Question assumptions with real data

  Learning

  One should be willing to change their ideological stance when empirical evidence and government data contradict theoretical beliefs.

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• Avoid Policy Unpredictability

  Risk

  Unpredictable policies can cause people to hoard cash, leading to severe economic stagnation similar to a depression.

  Source Wikipedia: Thomas Sowell  (opens in a new tab)

• Understand Profit Incentives

  Strategy

  Profits drive efficiency; without the incentive of profit, the cost of production often rises far beyond what the profit margin itself represents.

  Supporting quotes

  • “People who pride themselves on their "complexity" and deride others for being "simplistic" should realize that the truth is often not very complicated. What gets complex is evading the truth.”

    “If I could offer one piece of advice to young people thinking about their future, it would be this: Don't preconceive. Find out what the opportunities are.”

  1 more supporting quote is in the member records.

• Look beyond the rhetoric

  Decisions

  One must evaluate ideas and systems based on hard facts and historical outcomes rather than how appealing they sound in theory.

  Supporting quotes

  • “Socialism sounds great. It has always sounded great. And it will probably always continue to sound great.”

  2 more supporting quotes are in the member records.