There's no Way to Go Back to Where We Came From

Monday, October 12, 2009

As a result of the bursting of that theoretical bubble, Americans' lives have been inexorably changed and "there's no way to go back to where we came from," says George Soros, chairman of Soros Fund Management.

Americans were "living in a fool's paradise" based on the "false promise" of the "market magic," and the idea debt-fueled consumption was a sustainable and legitimate economic policy, George Soros said today.

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