Fundamentalist Fallacy, New Paradigm Needed!
George Soros, Chairman of Soros Fund Management | April 8, 2008
The current housing mortgage crisis points to a general problem in finances. ++ Financial authorities and institutions are guided by market fundamentalism. ++ Their success has reinforced the misconception that markets are self-correcting, but current events show regulation is necessary. ++ To establish a clearing house or cutting foreclosures should be a priority. ++ Government intervention is necessary.
