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These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.

George Soros

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

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To be successful, you need leisure. You need time hanging heavily on your hands.
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Markets are imperfect. So you do need regulation, knowing that the regulators are also human.
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Giving government aid to a bank basically transforms it into a utility. The huge salaries in this sector are only a symptom of a more profound misalignment. The profitability of the finance industry has been excessive. [...] That was absurd.
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The sovereignty of states must be subordinated to international law and international institutions.
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I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
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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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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.
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Find the trend whose premise is false, and bet against it.
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Everything adds up to a major crisis. Humanity is faced with a global energy crisis ... The core of the crisis lies in the increasing shortage of oil.
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As I discovered, there is a great deal of similarity between a boom-bust process in the financial markets and the rise and fall of the Soviet system.
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Hedge funds are a very efficient way of managing money. But there are clearly some risks. Hedge funds use credit and credit is a source of instability. Transactions involving credit should be regulated.
George Soros
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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).
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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 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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If every rich person gave 50 percent of their wealth to charity, I would not say they should pay more taxes.
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Money values do not simply mirror the state of affairs in the real world valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.
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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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I fancied myself as some kind of god or an economic reformer like Keynes
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China could easily emerge as the great winner if the Chinese leaders handle the situation well. On the other hand, they could also turn out to be the biggest losers if they handle it poorly. If the management turns out be wrong, this could lead to a political crisis in China.
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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.
George Soros