Why do we idolize the Oprah Winfrey's and great athletes, at least to have better press than Alex Rodriguez? We don't resent movie star salaries. In fact, it kind of adds to the excitement of following around taking their picture. And yet CEOs become disdain and greedy. Do you have any thoughts on that?
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.