'If history is any indicator, there are reasons to believe that Black Americans would feel the sharpest pain from a contracting economy — and their recent economic gains would be in serious jeopardy.' via FiveThirtyEight
than all Black Americans. And the Fed’s success story of bringing down inflation in the 1980s, as Spriggs sees it, leaves out the fact that the economic progress that Black Americans had made over the prior decades was wiped out by a crushing recession.
— and its dissipation could have dire consequences.
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