Monday, July 25, 2011

Economist Thomas Sowell Has Released A New Book

Luke Ford writesHere's the new book on

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 engage in runaway spending."

"The plan that appeals to me the most is that suggested by Moodys. Get rid of the debt ceiling."

Dennis: "If you had two minutes to speak to the American people, what would you say?"

Tom: "Move to Australia. The Australians have better immigration control than we do."

Dennis: "So we couldn't get in."

Tom: "I'm quite pessimistic [about the debt ceiling fight]."

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