The bottom 20% of the household distribution has twice as many people as the top 20%, which seems impossible. One of the problems is that the tendency to look at statistical categories as if you're talking about flesh and blood human beings, he says.
Thomas Sowell of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about the ideas in his new book, Economic Facts and Fallacies. He discusses the misleading nature of measured income inequality, CEO pay, why nations grow or stay poor, the role of intellectuals and experts in designing public policy, and immigration.