(Archived document, may contain errors) 222 October 22, 1982 UNEMPLOYMENT WHAT'S TO BLAME I INTRODUCTION Unemployment in September mounted to 10.1 percent, the highest level since 19 41. The fundamental reason for this surge in unemployment is the economy's lack of growth. With over 11 million jobless workers, many Americans are tempted to look to the government for solutions. Yet, it is precisely because of the legacy of decades of government intervention in the market place that the U.S suffers from its current ec onomic malaise.
Over the last half-century, economics has infiltrated parts of the federal government where it has no business intruding. It can be a useful tool for policymaking, but it’s become the only tool. It’s time for economics to back the hell off.