From Freedom Politics - by Thomas Sowell - Random Thoughts - Economists are often asked to predict what the economy is going to do. But economic predictions require predicting what politicians are going to do-- and nothing is more unpredictable. An e-mail from a perceptive reader points out that, although Congressional "earmarks" represent a very small part of federal spending, they can be used as bribes to buy the votes of members of Congress on bills involving the spending of vastly larger sums of the taxpayers' money. When the Federal Reserve cites statistics to claim that there is not much evidence of inflation, we need to keep in mind that the statistics they rely on exclude food and energy prices. The cost of living is no sweat if you can do without electricity and food. The mainstream media never expressed half the outrage about Mao Zedong as they did about Ronald Reagan. Yet, when it came to killing millions of innocent civilians, even Hitler was an amateur compared to Mao. Safety advocates who say that we shouldn't take chances, but should ban things that might be unsafe, don't seem to understand that if we banned every food to which somebody had an allergy we could all starve to death.
Read Sowell Column
Thomas Sowell: Random thoughts
From Freedom Politics - by Thomas Sowell - Random Thoughts - Economists are often asked to predict what the economy is going to do. But economic predictions require predicting what politicians are going to do-- and nothing is more unpredictable. An e-mail from a perceptive reader points out that, although Congressional "earmarks" represent a very small part of federal spending, they can be used as bribes to buy the votes of members of Congress on bills involving the spending of vastly larger sums of the taxpayers' money. When the Federal Reserve cites statistics to claim that there is not much evidence of inflation, we need to keep in mind that the statistics they rely on exclude food and energy prices. The cost of living is no sweat if you can do without electricity and food. The mainstream media never expressed half the outrage about Mao Zedong as they did about Ronald Reagan. Yet, when it came to killing millions of innocent civilians, even Hitler was an amateur compared to Mao. Safety advocates who say that we shouldn't take chances, but should ban things that might be unsafe, don't seem to understand that if we banned every food to which somebody had an allergy we could all starve to death. Read Sowell Column
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