The dire economic situation we find ourselves in is not a result of
economic forces alone, but of the policies pursued, and not
pursued, by world leaders. In this collection of his recent
writings on the global financial situation, George Soros presents
his views and analysis of key economic policy choices leading up
to, during, and following the financial crisis of 2008-2009. Soros
explores domestic and international policy choices like how to
manage the (then) potential implosion of Fannie Mae & Freddie
Mac, deploying measures to stem global contagion from the sub-prime
crisis, alternative options on bailing out lesser developed
countries and why this was vital, the structural problems of
European economic management, and more. Financial Turmoil in Europe
and the United States elegantly distills the choices at hand, and
takes the reader on a journey of real time economic policy work and
experimentation.
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