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Thomas Sowell on Economic Facts and Fallacies

EconTalk

CHAPTER

The Fallacy of the System

"I am far more worried about the political attention than I am about the CEO's pay," he says. The average CEO of a company big enough to be in standard in 4-500 was a little over $8 million a year, which is less than one third rather of what Alice Rodriguez gets for playing third base for the Yankees. "If people want that radically different system, I think they ought to come out openly and explain why that way of determining income would be better."

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