The Role of Natural Resources in World Poverty

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CNN's John Sutter says the multivolume population theory is one of the wonders of the world. He argues that people don't even look at the facts when it comes to overpopulation and poverty. The role of natural resources in wealth creation also doesn't match up with what we see, 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.