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Europe’s Sovereign Debt Can’t Keep Going Up Forever

(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.

(Archived document, may contain errors) 9/24/85 92 THE U.S. AS A DEBTOR NATION: .WHAT IT REALLY MEANS Last week the media announced that for the first time in nearly 70 years the U.S. is a net debtor country. The impression given was that the U.S. has become another Mexi co or Argentina, tottering on the edge of financial collapse. But like many such simplistic interpretations of the facts, that impression is a fallacy.

Investors and stock strategists are braced for a different kind of slump, but a slump nonetheless.