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Keyword: hogberg

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  • Intellectuals Step 'Off The Cliff,' Drag Rest Of Us Down: Sowell

    02/26/2010 8:31:49 PM PST · by jazusamo · 44 replies · 1,261+ views
    Investor's Business Daily ^ | February 26, 2010 | David Hogberg
    Smart people should make smart decisions. So why do the best and the brightest always seem to create more problems than they solve?This is not just an academic question, precisely because academics dominate the Obama administration and its approach to such key issues as health care and Iran's pursuit of nuclear weapons. Renowned economist Thomas Sowell argues that intellectuals have strong incentives to step out of their area of expertise and "off a cliff." Ultimately, everyday people pay the price when intellectuals and abstract concepts trump real-world specifics.Sowell explores these topics and more in a wide-ranging IBD interview regarding...
  • Sowell: Free Market Fights Discrimination

    03/01/2010 4:34:44 PM PST · by Kaslin · 10 replies · 486+ views
    Investors Business Daily ^ | March 1, 2010 | DAVID HOGBERG
    It's axiomatic: Discrimination accounts for racial inequality in our society, and government action is needed to fix this injustice. Not so fast, says economist Thomas Sowell. There are many causes of inequality, and discrimination often explains less than we think it does. Furthermore, discrimination is most powerful when it's state policy, because government can force someone else to pay the price of discrimination. Sowell: Yes. And they are a tremendous threat to the more militant blacks on campus who make a determined effort to keep them out. I mentioned in that book a young woman who did very well on...