Is the U.S. a third-world nation? asks Michael Lewis

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Michael Lewis, author of the new book author of the new book “Boomerang: Travels in the New Third World”, says the United States and many European nations suffered a moral failure that led to economic collapse. Lewis insists that the U.S. economic situation will get much worse before it gets better.

Source: The Wall Street Journal, October 7, 2011.

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