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The greatness of a free-market economy is that it does not depend upon the wisdom of those who happen to be on top at the moment.

— Thomas Sowell

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Wisdom

More quotes by Thomas Sowell

Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.

Knowledge and Decisions (1980)

If there is one thing that is bipartisan in Washington, it is brazen hypocrisy.

Ideas are everywhere, but knowledge is rare.

Knowledge and Decisions (1980)

The fact that so many successful politicians are such shameless liars is not only a reflection on them, it is also a reflection on us. When the people want the impossible, only liars can satisfy.

Racism has never done this country any good, and it needs to be fought against, not put under new management for different groups.

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If the fool would persist in his folly he would become wise.

William Blake The Marriage of Heaven and Hell (1790)

'The fool doth think he is wise, but the wise man knows himself to be a fool.'

William Shakespeare As You Like It (1599)

It takes extraordinary wisdom and self-control to accept that many things have a logic we do not understand that is smarter than our own.

Nassim Nicholas Taleb The Bed of Procrustes: Philosophical and Practical Aphorisms (2010)

Young men think old men are fools; but old men know young men are fools.

George Chapman All Fools (1605)

Attribution

Quote text and notes from Wikiquote: Thomas Sowell (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.