Tag: Thomas Sowell
Economic Prosperity or Pandemic Protection: Why Not Both?

United States government officials previously estimated the COVID-19 virus would infect between 70 million and 150 million Americans, causing between 100,000 and 240,000 fatalities. Both estimates made the coronavirus the most devastating pandemic since the Spanish Flu (which some consider the deadliest pandemic ever). But after re-examining the data, these estimates have been dramatically…
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Resurgent Thomas Sowell Weighs In on Socialism, Venezuela

Renewed popularity of socialism spurs Thomas Sowell from his self-imposed exile.

Why One in Five Americans Are on Government Assistance (in One Image)

More than 52 million people in the United States, 21 percent of the population, participate in major means-tested government assistance programs each month, according to the U.S. Census Bureau. More than 80 federal programs dole out roughly $1 trillion of benefits and services to low-income people annually (see the amazing image above from the…
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Politics, Markets, and The Housing Boom and Bust

I recently read the revised edition of Thomas Sowell’s excellent The Housing Boom and Bust. One of the most striking things about the role of housing in the financial crisis is the resonance of the “villains, victims, and valiant government” narrative that goes as follows: greedy bankers exploited everyone while the regulators were asleep…
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