"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"
About this Quote
The subtext is classic public-choice suspicion: institutions don’t magically transmute self-interest into public virtue. If the incentives are misaligned, rational people will behave irrationally at society’s expense. “Pay no price” invokes a market logic of accountability - losses discipline decision-makers; consequences teach. By implying that accountability is the missing feedback loop, he smuggles in a broader claim: expertise and good intentions are not substitutes for skin in the game.
Context matters. Sowell wrote and spoke through decades of debates over Great Society programs, bureaucratic expansion, and technocratic confidence in social engineering. The quote is an anti-technocrat flare shot into a culture that routinely treats “policy” as a clean, reversible experiment. His real punch is against asymmetry: the planner gets prestige, the constituent gets the risk.
It works because it turns a procedural critique into an ethical one. If you can make choices for others without personal cost, you’re not merely governing; you’re gambling with someone else’s chips.
Quote Details
| Topic | Decision-Making |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Sowell, Thomas. (2026, January 15). 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. FixQuotes. https://fixquotes.com/quotes/it-is-hard-to-imagine-a-more-stupid-or-more-2125/
Chicago Style
Sowell, Thomas. "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." FixQuotes. January 15, 2026. https://fixquotes.com/quotes/it-is-hard-to-imagine-a-more-stupid-or-more-2125/.
MLA Style (9th ed.)
"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." FixQuotes, 15 Jan. 2026, https://fixquotes.com/quotes/it-is-hard-to-imagine-a-more-stupid-or-more-2125/. Accessed 20 Feb. 2026.







