Legendary economist Thomas Sowell issues an important warning for the United States | louder.news

Legendary economist Thomas Sowell is out with another book after announcing his retirement at the end of 2016, and with it, he delivers an important warning for America.

While appearing on Mark Levin’s show, Sowell was asked if he saw a growing police state in the United States. “I’m not necessarily referring to a police state like you’ll see in these aggressive fascist or Marxist regimes. But a little slow but sure, controlling language, which controls thought and activity. This massive censure that the judges have now pronounced. You can see the politicization of the DOJ and so on. Let me put it this way, are we a free country today? … Are we in danger of losing our freedom?” Levin asked.

Sowell, in his wisdom at 93, responded:

I think the latter. It’s hard for me to see how we’re going to get out of this. Especially when the people who are so willing to increase the power of government don’t seem to understand that it doesn’t matter for what purpose you give them that power, even if it was good. Once they have that power, they can use it for whatever they want.

The Federal Reserve System, for example, was established to prevent runaway inflation, runaway deflation, and bank failures. And the intellectuals were 100% behind it, but the cold facts are that there has been more deflation than during the great depression, more inflation for decades, and more bank failures than ever before the federal reserve system was created. . But the federal reserve system can force people to do things they don’t want to do just because they have the power to stand by their decisions. Thus power created for one purpose can be used for another purpose.

When FDR took America off the gold standard, he used a law passed during WWI to prevent trade with enemy nations, but once he had the power, he could use it for anything he wanted.

Matt Palumbo is the author of Fact-Checking by Fact-Checkers: How the Left Hijacked and Weaponized the Fact-Checking Industry i The Man Behind the Curtain: Inside George Soros’ Secret Network