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The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).

George Soros

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George Soros
Age: 94
Born: 1930
Born: August 12
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György Schwartz
György Soros
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More quotes by George Soros

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I think that my foundation uses the money better than the government does. In any event, I do pay taxes.
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Globalization has rendered the world increasingly interdependent, but international politics is still based on the sovereignty of states.
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Find the trend whose premise is false, and bet against it.
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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.
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Every bubble has two components: something - some real trend, and a misconception about that trend.
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Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.
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Market prices are always wrong.
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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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Regulating and taxing marijuana would simultaneously save taxpayers billions of dollars in enforcement and incarceration costs, while providing many billions of dollars in revenue annually.
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I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
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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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If I had to sum up my practical skills, I would use one word: survival. And operating a hedge fund utilized my training in survival to the fullest.
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There is no doubt that the countries that now have a very large debt have not introduced the kind of structural reforms that Germany did and are therefore at a disadvantage. But the problem is that this disadvantage is becoming even more pronounced through the punitive policies in place.
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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.
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Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend and step off before it is discredited.
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President George W. Bush is endangering the United States and the world's safety while undermining American values.
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My main concern is with the world order
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I am not a Zionist, nor am I am a practicing Jew, but I have a great deal of sympathy for my fellow Jews and a deep concern for the survival of Israel.
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Who most benefits from keeping marijuana illegal? The greatest beneficiaries are the major criminal organizations in Mexico and elsewhere that earn billions of dollars annually from this illicit trade - and who would rapidly lose their competitive advantage if marijuana were a legal commodity.
George Soros
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In politics, manipulating reality can take presidence over finding reality.
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