Thomas Sowell
Discover how basic economic principles, rather than political talking points, shape our everyday lives, wealth, and society.
Prices act as essential messengers that coordinate economic activity by signaling scarcity and directing resources to their most efficient uses.
Government interventions like price controls often lead to unintended negative consequences, such as housing shortages from rent control.
Profits and losses provide vital incentives that force businesses to innovate, improve efficiency, and satisfy consumer demands.