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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 FDR’s New Deal and Lyndon Johnson’s 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.

[ related topics: History Race Economics ]

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