George Soros Quotes About Economy

Quotes about: Economy

• The people currently in charge have forgotten the first principle of an open society, namely that we may be wrong and that there has to be free discussion. That it's possible to be opposed to the policies without being unpatriotic.

  George Soros

  People, Being Free, Firsts

  "Now on PBS" with David Brancaccio, www.pbs.org. September 12, 2003.

• A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital.

  George Soros

  Ideas, Important, Investing

• Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.

  George Soros

  Investing, World, Economy

• Bush's war in Iraq has done untold damage to the United States. It has impaired our military power and undermined the morale of our armed forces. Our troops were trained to project overwhelming power. They were not trained for occupation duties.

  George Soros

  War, Military, Iraq

  Speech at the National Press Club, October 28, 2004.

• An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.

  George Soros

  Degrees, Economy, Members

• I give away something up to $500 million a year throughout the world promoting Open Society. My foundations support people in the country who care about an open society. It's their work that I'm supporting. So it's not me doing it.

  George Soros

  Country, Years, Giving

  "Now on PBS" with David Brancaccio, www.pbs.org. September 12, 2003.

• When I had made more money than I needed for myself and my family, I set up a foundation to promote the values and principles of a free and open society.

  George Soros

  Foundation, Principles, My Family

  "Why America Must Not Re-elect President Bush". www.project-syndicate.org. October 17, 2004.

• By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.

  George Soros

  Country, Government, Creating

• I passionately disagreed with Treasury Secretary Hank Paulson's plan to bail out the banks by using a public fund called the Troubled Asset Relief Program (TARP) to help banks take toxic assets off their balance sheets. I argued that it would be much better to put the money where the hole was and replenish the equity of the banks themselves.

  George Soros

  Balance, Toxic, Relief

• If the terrorists have the sympathy of people, it's much harder to find them. So we need people on our side, and that leads us to be responsible leaders of the world, show some concern with the problems.

  George Soros

  People, Leader, Needs

  "Now" with David Brancaccio, PBS, www.pbs.org. September 12, 2003.

• We must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity.

  George Soros

  Leadership, Responsibility, Humanity

  George Soros (2007). “Age of Fallibility: Consequences of the War on Terror”, p.25, PublicAffairs

• 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 after social needs.

  George Soros

  Thinking, Merit, Needs

  Interview with Mark Schapiro, September 05, 2000.

• The financial markets play an active role in determining what's going to happen, how the economy is going to function.

  George Soros

  Play, Roles, Financial

• In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.

  George Soros

  Would Be, Fundamentals, Normal

  "Theory of Reflexivity". George Soros' speech at the MIT Department of Economics World Economy Laboratory Conference in Washington, D.C., www.valuewalk.com. April 26, 1994.

• To 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.

  George Soros

  Government, People, Mind

  Interview with Mark Shapiro, September 05, 2000.

• There is a resurgence of anti-Semitism in Europe. The policies of the Bush administration and the Sharon administration contribute to that. It's not specifically anti-Semitism, but it does manifest itself in anti-Semitism as well.

  George Soros

  Europe, Administration, Doe

  "In Rare Jewish Appearance, George Soros Says Jews and Israel Cause Anti- Semitism". www.jta.org. November 10, 2003.

• At times of recession, running a budget deficit is highly desirable. Once the economy begins to recover, you have to balance the budget. But it will also need additional revenues. Should the government not receive them, we will all get punished with higher interest rates.

  George Soros

  Running, Government, Over You

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