Tuesday, June 15

Friday, May 12

Under Roosevelt, the Federal Emergency Relief Administration was tasked with granting money to the states for the purpose of giving jobs to people. There had been relief programs in place before this, but it’s above my pay grade to explain the differences- maybe it was a question of scale. Over the next 20 months this program distributed the equivalent of $55.4 billion for programs to train and provide employment to people.
The New Deal’s success or failure and its implications for “Free Enterprise”, “America”, “Democracy”, or “Economics” are now more a matter of opinion than of objective reality. The reality that I understand is that through this program people were given, more or less directly, a means to live honorably, which “The Market” had failed to provide for them.
As always, today’s page can be found here.

Leave a Reply

Your email address will not be published.