It is credit that matters, not money (in other words, monetarism is a false ideology).
GEORGE SOROSTo my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
More George Soros Quotes
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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
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I don’t panic. The same thing applies to me as to everybody else, so I’m given to euphoria and despair. And I would say that I basically have survived by recognizing my mistakes.
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There is no point in being confident and having a small position.
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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
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The global crisis is caused by pathologies inherent in the global financial system itself.
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Studying economics is not a good preparation for dealing with it.
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Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.
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I fancied myself as some kind of god or an economic reformer like Keynes.
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Well, you know, I was a human being before I became a businessman.
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My approach works not by making valid predictions but by allowing me to correct false ones.
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My conceptual framework, which basically emphasizes the importance of misconceptions, makes me extremely critical of my own decisions. I know that I am bound to be wrong, and therefore am more likely to correct my own mistakes.
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When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
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I chose America as my home because I value freedom and democracy, civil liberties and an open society.
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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When money is free, the rational lender will keep on lending until there is no one else to lend to.
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The trouble with institutional investors is that their performance is usually measured relative to their peer group and not by an absolute yardstick. This makes them trend followers by definition.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.
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Markets can influence the events that they anticipate.
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Market prices are always wrong in the sense that they present a biased view of the future.
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If the bubbles contain a misconception, as they always do, then it can’t be maintained forever.
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The sovereignty of states must be subordinated to international law and international institutions.
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Market prices are always wrong.
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The main obstacle to a stable and just world order is the United States.
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The world order needs a major overhaul.
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The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.
GEORGE SOROS