This 1980 YouTube video of Dr. Sowell, one of my favourite economists, remains as relevant today as it was 27 years ago.

According to one web site The Fairmont Conference was convened in 1980 in San Francisco by Dr. Henry Lucas and Thomas Sowell. This conference attracted many of the nation’s leading intellectuals, policymakers, and community leaders and led to the creation of The New Coalition for Economic and Social Change, the country’s (USA’s) only black conservative think tank.