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Thomas Sowell - Is "Income Stagnation" an Economic Myth?

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Complete video at: http://fora.tv/2008/02/21/Unco... Institution Senior Fellow Thomas Sowell argues that reports of stagnation among American incomes over the last several decades are economic and political myths.-----Peter Robinson speaks with Thomas Sowell about his new book Economic Facts and Fallacies in which Sowell exposes some of the most popular fallacies about economic issues.Sowell takes on the conventional thinking on a wide swath of America's economic life, from male-female economic differences to income stagnation, executive pay, and social mobility to economics of higher education. In all cases he demonstrates how economics relates to the social issues that deeply affect our country - Hoover InstitutionThomas Sowell is an American economist, political writer, and commentator. He is currently a senior fellow of the Hoover Institution at Stanford University. In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science.Peter M. Robinson is a research fellow at the Hoover Institution, where he writes about business and politics, edits Hoover's quarterly journal, the Hoover Digest, and hosts Hoover's television program, Uncommon Knowledge.

Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: ForaTv

Length: 03:43
Rating: 4.7652173
Views: 20499

Tags: economy  economics  income  inequality  middle  class  households  workers  pay  working  jobs  labor  wealth  taxes  business  foratv  

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Video Comments

aweiss (November 30, 1999 at 12:00 am)
wow this is excellent
aweiss (November 30, 1999 at 12:00 am)
I was watching this before HTWW mentioned him, wow i ddidnt know he endorsed him
AfroSchmuck (November 30, 1999 at 12:00 am)
Uhh I have no idea what's going on with the comments. A conservative vlogger called "HowTheWorldWorks," was talking about this guy, whom I've never heard of. So I look him up and there are some strange oddities in this man's past. Like how was he accepted into Harvard? His supposed Father dying before he was born, and the woman he believed to be his Mother was actually his supposed Aunt. Is he a mulatto? I'm looking at him for the first time and he looks slightly mixed to me. He's seems smart.
leonidas512 (November 30, 1999 at 12:00 am)
I guess this is the reason for dumbing down the American Education system, stupid/ingnorant people are more easily to control by the elite who print the money.
jonshultz (November 30, 1999 at 12:00 am)
your spawn
jonshultz (November 30, 1999 at 12:00 am)
China, Saudi Arabia......
jonshultz (November 30, 1999 at 12:00 am)
i agree somewhat (i do agree on your main idea...debt is not a sign of growth)but one point the US was in debt shortly after the Rev. war and had to borrow and such to get out...
dak9779 (November 30, 1999 at 12:00 am)
...if you can pay it back.
dak9779 (November 30, 1999 at 12:00 am)
Your ignoring basic logic. If you have a debtor, you must have a creditor. So who is the creditor. According to you, they do not exist.
dak9779 (November 30, 1999 at 12:00 am)
If we didn't have debt, we wouldn't be a nation? We were a net debtor nation since the 80s. I guess we were not a nation beforehand?

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