mohit | Shared With: Everyone - May 12 2008 | george soros, books, todo, toread, credit crisis, economics
Heard George Soros talking about his new book on NPR this morning.
Quoted: "The idea was that regulators always make mistakes, state interference in the markets just messes things up," Soros says. "And that was a false idea .... Regulators are human and bound to make mistakes, but markets are also human and they are also bound to make mistakes. Instead of markets always being right, they're actually always groping at trying to find out what the facts are. But they never get it right."
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Uh oh.
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