The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Thomas Sowell (b. 1930) American economist and political commentator
“Student Loans,” Is Reality Optional? (1993)
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Quotations about:
scarcity
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Praise, like gold and diamonds, owes its value only to its scarcity.
Samuel Johnson (1709-1784) English writer, lexicographer, critic
The Rambler, #136 (6 Jul 1751)
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