Quote by Thomas Sowell

It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.

It is hard to imagine a more stupid or more dangerous way of

Summary

This quote, attributed to economist Thomas Sowell, highlights the potential risks associated with entrusting decision-making power to individuals who face no consequences for their errors. It suggests that when decision-makers are immune to the negative outcomes of their choices, there is little incentive to make informed and responsible decisions. By emphasizing the potential foolishness and danger of this approach, the quote encourages a system where decision-makers are held accountable for their actions and incentivizes thoughtful decision-making.

Topics

Decisions

By Thomas Sowell

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