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.
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.