Pete Robinson: Dr. Thomas Sowell appearing on this program just over two years ago, quote. "There is such a thing as a point of no return." If Obama won the whitehouse you said he would pursue disasterous economic policies. I suppose you think he's done just that.
Thomas Sowell: Oh yes. I'm one of the few people whose not disappointed in him.
A government that sets out to abolish market prices is inevitably driven toward the abolition of private property; it has to recognize that there is no middle way between the system of private property in the means of production combined with free contract, and the system of common ownership of the means of production, or socialism. It is gradually forced toward compulsory production, universal obligation to labor, rationing of consumption, and, finally, official regulation of the whole of production and consumption.
Ludwig von Mises, The Theory of Money and Credit, pg 281.
Thomas Sowell explaining the current trend in thought among America’s youth. I believe this can be applied to other areas of our lives as well. For example, people who attend a college class that expect they are just entitled to a good grade. They do no work and then proceed to demand their grade to be changed when they fail. This is the mentality that needs to change.