Category Archives: Thomas Sowell

Tom Sowell’s Farewell Column

An excerpt: With all the advances of blacks over the years, nothing so brought home to me the social degeneration in black ghettos like a visit to a Harlem high school some years ago. When I looked out the window … Continue reading

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Economist Thomas Sowell Publishes New New Book – Economic Facts and Fallacies: Second Edition

Here’s the new book on Amazon.com. Dr. Tom Sowell was on Dennis Prager’s radio show today. Dennis: “Are we headed towards Greece [style bankruptcy]?” Tom: “Yes.” “The debt ceiling has not limited debt. It provides political cover for presidents to … Continue reading

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The Housing Boom and Bust: Revised Edition by Thomas Sowell

Get the book here. People charged higher interest rates than average also have higher rates of payments, defaults and foreclosures. The market has accurately assessed the risks. (Pg. 6) From Pg. 16-17: While housing payments often made up more than … Continue reading

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Thomas Sowell On Dennis Prager’s Radio Show Today

Dennis Prager: “What role did Wall Street play in producing the current recession?” Sowell: “They played the role of suckers who bought mortgages that weren’t worth what they paid for them. “A system had been set up whereby the government … Continue reading

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What Caused Our Recession?

On Dennis Prager’s radio show today, economist Tom Sowell said: “What got us into this was that mortgages started to default and there was a whole domino effect going through the whole financial system because people had bought these mortgage-backed … Continue reading

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Did Wall Street Cause The Crash?

During his State of the Union address last night, President Barack Obama blasted the bank bailout. It seems clear that Obama and the Democrats will make banks and Wall Street their enemy in the run-up to the 2010 elections. It … Continue reading

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Why The Housing Boom Went Bust

I’m reading this new book by economist Thomas Sowell — The Housing Boom and Bust. He writes that "the idea that lenders would be offended by receiving monthly mortgage payment checks in the mail from blacks should at least give … Continue reading

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Economist Tom Sowell On Dennis Prager’s Radio Show

Dennis: "I am about to speak about one of the clearest thinkers living. One of the top five…" "Allen Estrin, my producer, said America would be different if every college kid read this book. "The first edition of Applied Economics, … Continue reading

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