A Quote by Thomas Sowell

However little president Obama knows or cares about economics, he knows a lot about politics - and especially political rhetoric. 'High-speed rail' is simply another set of loft words to justify continued expansion of government spending. So are words like 'investment in education' or 'investment' in any number of other things, which serves the same political purpose.

Thomas Sowell

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About Another Any Cares Economics Education Expansion Government Government Spending High High-Speed However Investment Investment In Education Justify Knows Like Little Loft Lot Number Obama Other Political Political Rhetoric Politics President President Obama Purpose Rail Rhetoric Same Set Simply Speed Spending Things Which Words

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Thomas Sowell
American - Economist
Born: June 30, 1930

Unlike return, however, risk is no more quantifiable at the end of an investment that it was at its beginning. Risk simply cannot be described by a single number. Intuitively we understand that risk varies from investment to investment: a government bond is not as risky as the stock of a high-technology company. But investments do not provide information about their risks the way food packages provide nutritional data.

Seth Klarman

We invest in things like the future, like our children, like education. In other words, we invest in things that we understand we will not see an immediate return of investment but everybody knows it will have a positive impact and you can easily measure it over the course of time. Your why is exactly the same thing.

Simon Sinek

Clinton is a very capable, conscientious person. I think she cares very deeply about policy. She knows a lot about how the government works, and I think those things are very important. You don't really appreciate those things until you get a guy like George W. Bush in the White House, and then you realize that when you don't have someone who knows or cares about government policy, a lot of bad stuff can happen.

Peter Beinart

This is President Obama’s number one political agenda item because he knows we will never again have a Republican president, ever, if amnesty goes into effect.

Michele Bachmann

For 30 years I've been schooled in everything from government, and economics, to medicine and international relations. But don't be impressed. Someone once said being a general assignment reporter simply means you are equally ignorant about most everything. In other words, I know a little about a lot.

Lester Holt

However, I have a low opinion of people with narrow political horizons. Someone who talks about the environment and knows nothing about economics can make as many mistakes as someone who does the opposite.

Sigmar Gabriel

Since taking office, President Obama has signed into law spending increases of nearly 25 percent for domestic government agencies - an 84 percent increase when you include the failed stimulus. All of this new government spending was sold as 'investment.'

Paul Ryan

It is clear that 'social Darwinism' and 'survival of the fittest' were intended by Obama to evoke feelings of fear and disgust. It is highly doubtful that Obama knows anything about the history of these ideas, and it is even more doubtful that he cares. A concern for truth is not the coin of the political realm.

George H. Smith

In a recent attack ad, the NRA claims that President Obama cares about his own children more than he cares about other children. In response, President Obama was like, 'Yeah, that's how families work.'

Jimmy Fallon

As time goes on, I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one's risk by spreading too much between enterprises about which one knows little and has no reason for special confidence. . . . One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.

John Maynard Keynes

The United States is in the midst of many spirited political debates about national priorities and public spending... However, we have found that science is an area where both political parties can find common ground, and in which political change does not necessarily create discontinuities.

John Gibbons

Until relatively recently, mass political movements were still about basic rights of food, shelter, education and self sufficiency. The reasons fewer people vote these days, or turn up for political meetings, is that for the vast majority of us those rights have been fulfilled. These days it's in the adverts for mobile phones or foreign holidays where phrases like "Join the Revolution!" and "Cry Freedom!" are bandied about for a generation which knows nothing of their provenance. Just as now we have luxury illnesses to replace real ones, so now we have luxury politics.

John Diamond

Infrastructure is one of the core responsibilities of government and one that cannot be shortchanged by other controversial spending. I believe investment in infrastructure pays dividends for decades and is a wise investment of taxpayer dollars.

Douglas R. Oberhelman

When investors, particularly investment bankers, talk about splitting up companies, there's a lot of discussion about multiple expansion, and the reality is multiple expansion is an outcome, not a strategy.

Irene Rosenfeld

Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful

Kim Stanley Robinson

Business success is not determined by government policy. It's not determined by regulation. The people succeed in business have to overcome all the obstacles put in their way by people like Democrats and Obama. That's what Trump knows, how to overcome these guys, how to get the things they put in his way out of the way, while they don't even know it's happening. And that would go for much of the political commentariat, too, folks, that are totally immersed in politics and know nothing else, other than they swear allegiance to free markets, but that's about it.

Rush Limbaugh

A Quote by Thomas Sowell

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