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Thomas Sowell is retiring
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WarMachine Offline
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Post: #26
RE: Thomas Sowell is retiring
I am very much a fan of Mr Sowell. One of the pillars of our modern society, especially ones which speak of facts rather than hyperbole/delusion. Totally brilliant guy. Dropped science from day one.
01-03-2017 10:02 AM
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Post: #27
RE: Thomas Sowell is retiring
He was also very articulate in person. Here is a good talk with Tony Brown:



01-07-2017 06:40 PM
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budoslavic Offline
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Post: #28
RE: Thomas Sowell is retiring
Dr. Sowell has a brilliant mind. Hope he will continue to write during his retirement.



01-07-2017 10:44 PM
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budoslavic Offline
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Post: #29
RE: Thomas Sowell is retiring
For those who didn't know, Dr. Thomas Sowell was a Marxist when he was a student of Professor Milton Friedman at the University of Chicago. He wrote a post about his mentor and teacher. It was very interesting in how he converted from Marxist to Conservative.

Quote:Milton Friedman's Centenary
By Dr. Thomas Sowell
July 31, 2012

If Milton Friedman were alive today — and there was never a time when he was more needed — he would be one hundred years old. He was born on July 31, 1912. But Professor Friedman's death at age 94 deprived the nation of one of those rare thinkers who had both genius and common sense.

Most people would not be able to understand the complex economic analysis that won him a Nobel Prize, but people with no knowledge of economics had no trouble understanding his popular books like "Free to Choose" or the TV series of the same name.

In being able to express himself at both the highest level of his profession and also at a level that the average person could readily understand, Milton Friedman was like the economist whose theories and persona were most different from his own — John Maynard Keynes.

Like many, if not most, people who became prominent as opponents of the left, Professor Friedman began on the left. Decades later, looking back at a statement of his own from his early years, he said: "The most striking feature of this statement is how thoroughly Keynesian it is."

No one converted Milton Friedman, either in economics or in his views on social policy. His own research, analysis and experience converted him.

As a professor, he did not attempt to convert students to his political views. I made no secret of the fact that I was a Marxist when I was a student in Professor Friedman's course, but he made no effort to change my views. He once said that anybody who was easily converted was not worth converting.

I was still a Marxist after taking Professor Friedman's class. Working as an economist in the government converted me.


What Milton Friedman is best known for as an economist was his opposition to Keynesian economics, which had largely swept the economics profession on both sides of the Atlantic, with the notable exception of the University of Chicago, where Friedman was both trained as a student and later taught.

In the heyday of Keynesian economics, many economists believed that inflationary government policies could reduce unemployment, and early empirical data seemed to support that view. The inference was that the government could make careful trade-offs between inflation and unemployment, and thus "fine tune" the economy.

Milton Friedman challenged this view with both facts and analysis. He showed that the relationship between inflation and unemployment held only in the short run, when the inflation was unexpected. But, after everyone got used to inflation, unemployment could be just as high with high inflation as it had been with low inflation.

When both unemployment and inflation rose at the same time in the 1970s — "stagflation," as it was called — the idea of the government "fine tuning" the economy faded away. There are still some die-hard Keynesians today who keep insisting that the government's "stimulus" spending would have worked, if only it was bigger and lasted longer.

This is one of those heads-I-win-and-tails-you-lose arguments. Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.

Although Milton Friedman became someone regarded as a conservative icon, he considered himself a liberal in the original sense of the word — someone who believes in the liberty of the individual, free of government intrusions. Far from trying to conserve things as they are, he wrote a book titled "Tyranny of the Status Quo."

Milton Friedman proposed radical changes in policies and institution ranging from the public schools to the Federal Reserve. It is liberals who want to conserve and expand the welfare state.

As a student of Professor Friedman back in 1960, I was struck by two things — his tough grading standards and the fact that he had a black secretary. This was years before affirmative action. People on the left exhibit blacks as mascots. But I never heard Milton Friedman say that he had a black secretary, though she was with him for decades. Both his grading standards and his refusal to try to be politically correct increased my respect for him.
(This post was last modified: 01-08-2017 12:48 PM by budoslavic.)
01-08-2017 12:47 PM
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Kid Twist Offline
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Post: #30
RE: Thomas Sowell is retiring
Culture matters dramatically, no doubt, but I wonder if he would concede that IQ differences matter. My suspicion is that it might be irrelevant because he is not worried about outcomes so much as preserving freedom, and doing the best with what you got, which is all we can ask for.
(This post was last modified: 01-11-2017 02:15 PM by Kid Twist.)
01-11-2017 02:14 PM
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TheOllam Offline
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Post: #31
RE: Thomas Sowell is retiring
Yeah, He is not done yet. Still a Senior Fellow at the Hoover Institution.

And he comments on the Middlebury incident:

"Where have all these shocked people been all these years? What happened at Middlebury College has been happening for decades, all across the country, from Berkeley to Harvard. Moreover, even critics of the Middlebury College rioters betray some of the same irresponsible mindset as that of the young rioters.

The moral dry rot in academia — and beyond — goes far deeper than student storm troopers at one college."


https://www.creators.com/read/thomas-sow...ry-college

Vae Victis
03-15-2017 09:54 AM
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Fortis Away
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Post: #32
RE: Thomas Sowell is retiring
I know I already posted, but this guy is so great to watch speak. Reminds me of that uncle who sits down at dinner and wrecks everyone casually without even arguing. Just dropping fact bombs.

Caring more about Donald Trump than your bank account is beta.
03-15-2017 10:13 AM
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amity Offline
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Post: #33
RE: Thomas Sowell is retiring
(01-07-2017 10:44 PM)budoslavic Wrote:  Dr. Sowell has a brilliant mind. Hope he will continue to write during his retirement.




Slight tangent here, but it's disappointing to see that in recent years, Putnam has rolled back significantly on what his studies showed re Multiculturalism.
My guess is he wasn't man enough to swallow the red pill and face down the progressives and opted instead to cosy up to his fellow academics and massively play down the negative outcomes associated with Multiculturalism (particularly the kind of low IQ, relatively uneducated, Islamic immigration we're seeing so much of in recent years).
From now on, he will be known as Robert Cucknam.


03-15-2017 12:48 PM
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Kid Twist Offline
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Post: #34
RE: Thomas Sowell is retiring
Along with the bow tie theory (don't trust a man who wears one), I'm adding the beard with shaved mustache

turns out, both are ugly too

mostly the latter is you know who so that's an easy theory to have confirmed (-:
03-15-2017 03:49 PM
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QuietDog
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Post: #35
RE: Thomas Sowell is retiring
Wall Street Journal had a short but sweet interview with Sowell. Studying his works more in depth has been on my to do list for a while and this interview is motivating me more to do so. In the interview he talks about his support for Betsy Devos and charter schools and how he believes the failures of the black community to succeed has been chiefly due to it's own culture holding it back as opposed to "the man" holding them back. He's a big believer that charter schools can do much to help the black community in the US turn itself around.

Quote:But the good that can be done is obvious to Mr. Sowell. “The most successful schools for educating black kids have been a few charter schools,” he says. “There are literally tens of thousands of kids on waiting lists for charter schools in New York alone. You needed somebody who was going to fight to break through these caps that have been put on the number of charter schools.”

Mr. Sowell has stopped swiveling in my chair, and he looks straight at me to make his next point. “You see, in order to get these reforms, you would have to go against the dogmas not only of educators, but of the American intelligentsia in general,” he says. “The teachers unions complain that charter schools really have skimmed off the cream. Of course that’s nonsense, because people are chosen by lottery. In another sense, there’s a point there, because these are the parents who care about what’s going to happen to their kids. These people are just desperate to get into the charter schools. They don’t want to be raising a bunch of little thugs.”


He believes the election of Trump is going to provide a good chance to bring enough blacks aboard the Republican party to cripple the Democratic basis:

Quote:If a Republican could manage to enact school choice, Mr. Sowell says, “he would have some hope of beginning the process of peeling away black votes from the Democrats. It doesn’t have to be a majority of the black vote. If there’s a narrow race for Congress, and you can reduce the black support for the Democrats from 90% to 80%, that could be the difference.”

He also criticizes entitlement/grievance culture

Quote:An idea has taken root “that you’re entitled to certain things, that you don’t necessarily have to earn them,” he says. “There’s a belief that something’s wrong if you don’t have what other people have—that it’s because you’re ‘disadvantaged.’ A teenage dropout mother is told she has a disadvantage. But if you’re going to call the negative consequences of chosen behavior ‘disadvantage,’ the word is corrupt beyond repair and useful only for propaganda purposes.”

Pretty much anything Sowell said in that article is quotable. I had to be selective about what I was going to highlight since there's just so much great material.
03-19-2017 11:21 PM
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