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Thomas Sowell on Economic Facts and Fallacies

EconTalk

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The Utopia of the Intellectuals

Economics is a little bit complicated, he says. We don't want to learn the lessons of economics that we're taught in school and on college campuses today; it's more emotionally satisfying. He thinks Hillary Clinton plays essentially the role of the static laws: "That's what people want" The economic explanations are unsatisfying but they sell politically when you say someone has done something wrong,. That's the kind of stuff that sells politically.

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