“How to Reduce Unemployment”

Diana Furchtgott-Roth. All good, and all require government from stepping back from the misguided interventions into commerce. I am perplexed by this:

As we enter a new decade, with a new Congress, we shouldn’t regard our 9.8% unemployment rate as the new normal. Rather, we should encourage Congress to draft new laws to fix the problem and return our unemployment rate back where it belongs-to the 4% or 5% range.

We don’t need new laws, we need to repeal existing ones. Okay, so we may need new laws to let markets operate more freely. We can do better than 9.8% unemployment, as Diana points out in her piece. 9.8% is the limit based on the current crew’s bad ideas.

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