Dr. Sowell is perhaps one of our greatest living economists. Since arguments and debates about economic matters seem so important to almost everyone during our election cycles, I will never understand America’s reluctance to actually take the time and energy required to gain even a basic understanding of the subject. I will likewise never fully understand the nation’s economists remaining mostly silent during election seasons and allowing politicians and morons to take it upon themselves to put words into their mouths. When Barack Obama and Bill Clinton stood up during the Democrat National Convention and made the astoundingly false claim that all economist agree with us, why was there not a resounding cry from economists around the land that let Americans know that in fact, they were lying?
Following are some of the more egregious myths perpetuated by Team Obama being easily dismantled by Thomas Sowell, Senior Fellow with the Hoover Institution.