Archive for Thomas Sowell
Income Distribution
Despite a voluminous and often fervent literature on “income distribution,” the cold fact is that most income is not distributed: It is earned. People paying each other for goods and services generate income. While many people’s entire income comes from a salary paid to them by a given employer, many others collect individual fees for [...]
1Jan1996 | Thomas Sowell | 0 comments | ContinuedPerspective: Is the Post Office Efficient?
Whether or not mail should cost more to deliver depends on whether there are cheaper or better ways to deliver it. That’s not something to be settled by talk because both sides can argue forever. The way to find out if the job can be done cheaper and better is to let other people try. [...]
1Aug1990 | Thomas Sowell | 1 comment | Continued-
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JPMorgan Chase and Casino Banking
JPMorgan Chase & Co., one of the nation’s leading banks, revealed in May that a London trader racked... Read More
Individualism, Trade-Unions, and “Self-Governing Combinations”
Who do you imagine said this? “[Trade-unions] seem natural to the passing phase of social evolution,... Read More
Bubbles, Malinvestment, and Higher Education
Many commentators are asking whether the next big bubble to burst will be the debt associated with the... Read More
JPMorgan’s Blunder Is No Market Failure
I am not going to try to defend JPMorgan Chase for its recent, widely reported financial blunders. ... Read More
For Equality; Against Privilege
This TGIF originally ran July 7, 2006. The freedom philosophy can be boiled down to two phrases: for... Read More
