Thomas Sowell

A very different book is a little book of whimsical cartoons titled "Furry Logic" by Jane Seabrook. It is good for a few moments of real pleasure and cheer during the holiday season, perhaps especially good for people recovering in hospitals or at home, but enjoyable by people of all ages and circumstances.

Books about the past can be relevant to the future, especially when the same kinds of policies reappear under new names. It is good to have an understanding of why these policies did not work when they were tried before, as a sneak preview of what to expect from such policies the second time around.

Since so many of the approaches that Barack Obama has advocated under the mantra of "change" are things already tried out during the 1930s by Franklin D. Roosevelt, a devastating and very readable book titled "FDR's Folly" by Jim Powell spells out just exactly what happened in the American economy when such policies were put into effect.

My own new book this year is "Economic Facts and Fallacies." While I cannot pretend to give an unbiased evaluation of it, I can point out that it received a prize at an international gathering in Zurich and has already been translated in Spain.

Since fallacies flourish during election years, you may already have heard quite a few of these fallacies this year. "Economic Facts and Fallacies" can help prepare you for what is likely to happen when those fallacies are turned into policies in the new administration next year.

Thomas Sowell

Thomas Sowell is a senior fellow at the Hoover Institute and author of The Housing Boom and Bust.

Creators Syndicate