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Walter E. Williams applies an economic analysis to the problems black Americans have faced in the past and still face in the present to show that that free-market resource allocation, as opposed to political allocation, is in the best interests of minorities. He debunks many common labor market myths and reveals how excessive government regulation and the minimum-wage law have imposed incalculable harm on the most disadvantaged members of our society.

Nationally syndicated columnist and prolific author Walter E. Williams recalls some of the highlights and turning points of his life. From his lower middle class beginnings in a mixed but predominantly black neighborhood in West Philadelphia to his department chair at George Mason University, Williams tells an \"only in America\" story of a life of achievement.

For the last several decades, affirmative action has been the basic component of the civil rights agenda. However, affirmative action, in the form of racial preferences, has worn out its political welcome. In Gallup Polls, between 1987 and 1990, people were asked if they agreed with the statement: \"We should make every effort to improve the position of blacks and other minorities even if it means giving them preferential treatment.\" More than 70% of the respondents opposed preferential treatment while only 24% supported it. Among blacks, 66% opposed preferential treatment and 32% supported it. The rejection of racial preferences by the broad public and increasingly by the Supreme Court has been partially recognized by even supporters of affirmative action. While they have not forsaken their goals, they have begun to distance themselves from some of the language of affirmative action. Thus, many business, government, and university affirmative action offices have been renamed \"equity office.\" Racial preferences are increasingly referred to as \"diversity multiculturalism.\"

Racism in the US is not only a consequence of slavery and segregation but something that has been created by many factors including race-neutral liberal social democratic reforms in the last few years. Lipsitz discusses the \"white\" problem in America. Sanchez et al comment on Lipsitz's remarks. Lipsitz replies.

Last year, Tennessee's Board of Funeral Directors and Embalmers closed their business and threatened them with fines and imprisonment for selling caskets without a funeral director's license. To sell caskets legally, [Nathaniel Craigmiles] and [Tommy Wilson] would have to spend thousands of dollars to learn how to conduct funerals and prepare a corpse for burial. They simply sold caskets. Fortunately for Craigmiles and Wilson, there's the Washington- based Institute for Justice, the only public interest legal organization that fights for people's right to earn a living. Under the leadership of its director, Chip Mellor, and its associate director, Clint Bolick, the Institute for Justice sued the Tennessee Board of Funeral Directors and Embalmers, as well as the state's attorney general, charging that the licensing provision constituted a violation of the privileges and immunities clause of the Fourteenth Amendment. Last August, the U.S. District Court for East Tennessee ruled that the state's licensing statute was unconstitutional.