For decades economist Walter E. Williams has served as a strong supporter for fiscal conservatism.

In his interview with The Daily Signal, Williams talks about several different topics, ranging from race to why conservative principles work best for those who are poor and impoverished.

“Racial discrimination and racism could have died a well deserved death, but it’s been resurrected by poverty pimps and other people who benefit from exploiting the problems that black people face in our country,” said Williams, who is the author of the new book, “American Contempt for Liberty.”

You can see his answers to specific questions by referring to the time codes below:

• 00:11 Williams talks about Rachel Dolezal, the white woman who posed as a black woman as president of the NAACP in Spokane, Wash. He compares her situation to Sen. Elizabeth Warren, D-Mass., claiming Cherokee Indian heritage.
• 1:11 Where is the U.S. when it comes to the issue of race?
• 1:42 Why does the free market system work and how does it benefit impoverished people?
• 3:38 Do African-Americans relate to conservative principles?
• 4:52 Are conservatives sensitive to the poor?

Copyright 2015 The Daily Signal