National Review's website has featured a series of interviews with Thomas Sowell this week. In the third installment, Peter Robinson and Sowell discuss several issues pertaining to higher education including grade inflation, the problems associated with faculty tenure, and the lack of market forces within the academy. It's well worth a watch.
The video is available here.
Update: The rest of the series is great, too. Part onedeals with women in the workplace (note that Sowell's research shows, as IWF has said for years, that the key variable in women obtaining high level positions is child rearing, not discrimination as the wage gap theorists claim), part two deals with income levels and social mobility, part four tackles more issues pertaining to higher education including the price of tuition, and the final installment deals with fallacies associated with race.