Extrapolations are the last refuge of a groundless argument. - Thomas Sowell

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Extrapolations are the last refuge of a groundless argument.

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About Thomas Sowell

Thomas Sowell (born June 30, 1930) is an American economist and political commentator. He taught economics at Cornell University, the University of California, Los Angeles, and since 1980 at the Hoover Institution at Stanford University, where he is currently Senior Fellow.

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Additional quotes by Thomas Sowell

In short, honesty is more than a moral principle. It is also a major economic factor. While government can do little to create honesty directly, in various ways it can indirectly either support or undermine the traditions on which honest conduct is based. This it can do by what it teaches in its schools, by the examples set by public officials, or by the laws that it passes. These laws can create incentives toward either moral or immoral conduct. Where laws create a situation in which the only way to avoid ruinous losses is by violating the law, the government is in effect reducing public respect for laws in general, as well as rewarding specific dishonest behavior.

For the anointed, traditions are likely to be seen as the dead hand of the past, relics of a less enlightened age, and not as the distilled experience of millions who faced similar human vicissitudes before.

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The term “liberal” originally referred politically to those who wanted to liberate people — mainly from the oppressive power of government. That is what it still means in various European countries or in Australia and New Zealand. It is the American meaning that is unusual: People who want to increase the power of government, in order to accomplish various social goals.

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