By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that… — George Soros Copy Share Image
A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement… — George Soros Copy Share Image
I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled… — George Soros Copy Share Image
The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in… — George Soros Copy Share Image
The financial markets play an active role in determining what's going to happen, how the economy is going to function. — George Soros Copy Share Image
I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look… — George Soros Copy Share Image
“Economic theory is devoted to the study of equilibrium positions. The concept of equilibrium is very useful. It allows us to focus… — George Soros Copy Share Image
Although I have made a fortune in the financial markets, I now fear that the untrammeled intensification of laissez-faire capitalism and the… — George Soros Copy Share Image
In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into… — George Soros Copy Share Image
Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject… — George Soros Copy Share Image
Market fundamentalists recognize that the role of the state in the economy is always disruptive, inefficient, and generally has negative connotations. This… — George Soros Copy Share Image
Merkel has realized that the euro is not working, but she cannot change the narrative she has created because that narrative has caught the… — George Soros Copy Share Image
At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But… — George Soros Copy Share Image
Markets are designed to allow individuals to look after their private needs and to pursue profit. It's really a great invention and I wouldn't… — George Soros Copy Share Image
We must not forget; but we must forgive. Suffering often such compassion from the Jewish community. It was Jewish groups in the US who… — George Soros Copy Share Image
I very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or… — George Soros Copy Share Image
We are the most powerful nation on earth. No external power, no terrorist organization can defeat us. But we can defeat ourselves by getting… — George Soros Copy Share Image
Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected. — George Soros Copy Share Image
What works for Germany can't work for the rest of Europe: No country can run a chronic surplus without others running deficits. — George Soros Copy Share Image
If truth be known, I carried some rather potent messianic fantasies with me from childhood which I felt I had to control, otherwise I… — George Soros Copy Share Image
We [at Soros Fund Management] use options and more exotic derivatives sparingly. We try to catch new trends early and in later stages we… — George Soros Copy Share Image
“On the abstract level, I have turned the belief in my own fallibility into the cornerstone of an elaborate philosophy. On a personal level,… — George Soros Copy Share Image
![“We [at Soros Fund Management] use options and more exotic…” quote by George Soros](https://sms4smile.com/quotes/img-quotes/f33/george-soros-1593_derivatives_we-at-soros-fund-management-use-options_113322.jpg)
