Wednesday, October 28, 2015

The Dismal Science

One of the ways the left is winning the war is in the way they frame the debate. Here's a great example, courtesy of two of my favorite, and IMO two of the best, economists and political commentators out there.

First, the quote from Thomas Sowell:
Among the many other questions raised by the nebulous concept of “greed” is why it is a term applied almost exclusively to those who want to earn more money or to keep what they have already earned—never to those wanting to take other people’s money in taxes or to those wishing to live on the largess dispensed from such taxation. No amount of taxation is ever described by the anointed as “greed” on the part of government or the clientele of government. . . .
Think about that for a minute. When's the last time you heard about a government tax grab described as greedy? Excessive, perhaps, or unwise, but never the pejorative "greedy."

BTW - how's this for a biography?
Sowell was born in North Carolina, but grew up in Harlem, New York. He dropped out of high school and served in the United States Marine Corps during the Korean War. He received a Bachelor’s degree from Harvard University in 1958 and a Master’s degree from Columbia University in 1959. In 1968, he earned his Doctorate in Economics from the University of Chicago.
Just to make things tougher, Sowell is black. Can you imagine how tough it was for a black man in the 1950's to graduate from, much less get admitted to, three of the premier academic institutions in this country. But since he is a conservative, he receives very little notice, not to mention acclaim, from the media. He has the credentials that obama, Paul Krugman, and the rest of the media/leftist darlings lack.

Mark Perry is another of my go-to economic guys. He authors a blog that provides a sound economic basis for debunking the propaganda spewed by the left. Unlike Krugman, who is long on opinion and short on facts, Perry starts with facts and builds from there. Here's his take on Sowell's 'greed' quote.

Not bad, huh?

Anyway, if you're interested in an economic perspective on current events, I encourage you to follow Sowell here, or Perry here. If you do so, you will be much more informed, educated, and entertained.


Bag Blog said...

My son has a Masters in Economics from OSU. He went back to school and picked up several hours of accounting to make a living. But he can argue with the best of them.

Old NFO said...

They are both good reads, and learning experiences... That is rare these days!

CenTexTim said...

BB - not too many people with Economics degrees make a living in that field. Glad your son found honest work... :-)

NFO - Yes, it is rare these days. Snarkiness has triumphed over substance.