The one economy Soros is not losing any sleep about is the US.I am much more positive about the underlying economy than I am about the market, because we are waging war not only terrorism but also on recession, he says.Although we dont admit it, we are actually applying Keynesian remedies, and I am a confirmed Keynesian. I have not yet seen an economy in recession when you are gearing up for war.He worries that the worlds largest economic power is not living up to its responsibilities.I would like the United States to live up to the responsibilities of its hegemonic power because it is not going to give up its hegemonic power, he says.The only thing that is realistic is for the United States to become aware that it is in its enlightened self-interest to ensure that the rest of the world benefits from their role.
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