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The really painful surprise is that so many people based their hopes on his words, rather than on the record of his deeds. What that means is that, e… - Thomas Sowell
" "The really painful surprise is that so many people based their hopes on his words, rather than on the record of his deeds. What that means is that, even if we somehow manage to survive this man’s reckless economic policies at home and his potentially fatal foreign policy actions and inactions, the gullibility and fecklessness of those voters who put him in the White House will still be there to be exploited by the next master of glib demagoguery and emotional images, who can lead us into another vortex of dangers, from which there is no guarantee that we will emerge as a free people or even as a viable society.
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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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Although Adam Smith is today often regarded as a “conservative” figure, he in fact attacked some of the dominant ideas and interests of his own times. Moreover, the idea of a spontaneously self-equilibrating system — the market economy — first developed by the Physiocrats and later made part of the tradition of classical economics by Adam Smith, represented a radically new departure, not only in analysis of social causation but also in seeing a reduced role for political, intellectual, or other elites as guides or controllers of the masses.
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