Wednesday, January 25, 2012

Common Sense from Thomas Sowell

SEE HERE A little good advice on ignoring the ignorant.  We are surrounded by people who have not idea at all how economics works.  We are always being overwhelmend with people who operate on "zero-sum-game" theory which has nothing to do with reality, as if somehow wealth is piled up somewhere and when the wealthy have theirs there is less for the rest of us.  That's not true.  Wealth is produced in quantities proportional to the efforts of people who produce it in all its myriad forms.  If the zero-sum-game thinking were true we'd all have become destitute long ago probably around the time of the cave men.  It's just nonsense, but it sounds plausible to those know-nothings that have never bothered to think about it.  "Ignore the Wookie!" is what we say at our house when someone says something too stupid to react to.

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