Perhaps the most important thing about risk is its inescapa… - Thomas Sowell

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Perhaps the most important thing about risk is its inescapability. Particular individuals, groups, or institutions may be sheltered from risk - but only at the cost of having someone else bear that risk. For a society as a whole, there is no someone else.

Thomas Sowell

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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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Nada es más fácil que tener buenas intenciones. Pero cuando no se entiende cómo funciona una economía, las buenas intenciones pueden llevar a consecuencias desastrosas

Seldom do people think things through foolishly. More often, they do not bother to think things through at all, so that even brainy individuals can reach untenable conclusions because their brainpower means little if it is not deployed and applied.

It is usually futile to try to talk facts and analysis to people who are enjoying a sense of moral superiority in their ignorance.

Perhaps the most important thing about risk is its inescapability. Particular individuals, groups, or institutions may be sheltered from risk - but o… - Thomas Sowell

About Thomas Sowell

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