The Forgotten Man
2008-07-14 17:50:48.789894+02 by Dan Lyke 0 comments
Philip Greenspun is reading The Forgotten Man, an economic history of the Great Depression, and observes that, although during the depression black unemployment was apparently slightly lower than white unemployment:
After FDRs New Deal and Lyndon Johnsons Great Society and all of the other Big Government efforts over the past 80 years to fight inner city poverty and discrimination against blacks the black unemployment rate is roughly double the white unemployment rate. During the same period, the Federal Government share of the economy, as a percentage of GDP, has grown from roughly 2 percent to roughly 20 percent.