By Thomas Sowell

ISBN-10: 0817929924

ISBN-13: 9780817929923

One in all conservatism's such a lot articulate voices dissects today's most crucial monetary, racial, political, schooling, criminal, and social concerns, sharing his enjoyable and thought-provoking insights on quite a lot of contentious matters.

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What if the bonds in the Social Security “trust fund” had never existed? Economically, the situation would be exactly what it is now. After 2016, the government would have to either raise additional taxes or lower the benefits. The bonds serve only to fool the gullible or the uninformed. The crucial difference between a 100 percent governmentrun retirement system like Social Security and one in which individuals can invest at least part of their own retirement money in the market is that the market represents real things.

Hoover Press : Sowell 34 DP5 HSOWCE0100 07-09-:2 14:19:41 rev1 page 34 Controversial Essays How can this be, when the whole purpose of rent control is to keep rents down? First of all, the purpose of any policy tells you absolutely nothing about what will actually happen under that policy. Too many disastrous laws get passed because those who pass them win political points for their good intentions and nobody bothers to check up later to see what actually happened. The San Francisco Board of Supervisors has recently commissioned the first official study ever done of the effects of rent control in the city.

It began as a mail-order house in 1872, when the United States was a rural country, with very high costs of delivering goods to a widely scattered population. Neither trucks nor automobiles nor airplanes had yet arrived on the scene, so transportation costs added greatly to the cost of getting merchandise to small general stores in isolated communities. S. mails. Railroad tracks ran right through the huge Montgomery Ward warehouse in Chicago. The net result was that it could charge lower prices than others who Hoover Press : Sowell Economic Issues DP5 HSOWCE0100 07-09-:2 14:19:41 rev1 page 37 37 used more costly methods of transportation, enabling more Americans to afford more things.

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Controversial Essays by Thomas Sowell


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