Economic Policy for the 1980s?

An interesting poll done for the New York Stock Exchange by Garth, Friedman, and Morris last December (after the election) reveals that 61
percent of the American people believe the U.S. economy is in a crisis. They are right. Evidence of the system’s failure to solve its problems over a long period of time is not hard to muster. In the decade of the 1970s, the lowest unemployment rate was, in 1973, 4.3 percent. Every year of the decade, except 1974, saw the duration of unemployment in double digits for more than 10 weeks. (See Tables B31-32 in The Economic Report of the President.) Using an average unemployment rate of 6 percent for the decade and an average duration of unemployment of 12 weeks, about 6 million people...