In the midst of one of the most serious financial upheavals since the Great Depr
ession, George Soros, the legendary financier and philanthropist, writes about t
he origins of the crisis and proposes a set of policies that should be adopted t
o confront it. Soros, whose breadth of experience in financial markets is unriva
led, places the crisis in the context of his decades of study of how individuals
and institutions handle the boom and bust cycles that now dominate global econo
mic activity. In a concise essay that combines practical insight with philosophi
cal depth, Soros makes an invaluable contribution to our understanding of the gr
eat credit crisis and its implications for our nation and the world.
