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George Soros

George Soros Quotes

Business magnate

George Soros, born on August 12, 1930, is a renowned business magnate and philanthropist. He has significant influence in the global financial markets and is known for his unique investment strategies and philosophy. In the 1970s, Soros founded the Quantum Fund, which achieved substantial wealth growth over the following decades. Apart from his success in business, Soros is committed to promoting global democracy and open societies, supporting various educational and charitable projects through the Soros Foundation.

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Famous George Soros Quotes

“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.”

People Ifs Mind States Government Economy Democracy Subjects Solutions Institutions Democratic International Democratic Government

Author:George Soros

“You need a government that believes in government. It also believes in markets and wants to give markets the best, the greatest opportunity, but is trying to govern well.”

Want Needs Giving Trying Believe Wells Government Opportunity

Author:George Soros

“This is the joint responsibility of everyone who was involved in the introduction of the euro without understanding the consequences. When the euro was introduced, the regulators allowed banks to buy unlimited amounts of government bonds without setting aside any equity capital. And the European Central Bank discounted all government bonds on equal terms. So commercial banks found it advantageous to accumulate the bonds of the weaker countries to earn a few extra basis points.”

“You could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.”

Enough Government Would Be Fine Fit Punishment Heels

Author:George Soros

“I think that my foundation uses the money better than the government does. In any event, I do pay taxes.”

Thinking Doe Use Government Pay Events Taxes Foundation

Author:George Soros

“I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful - but also very harmful to our society.”

Thinking Has Beens Government Successful Propaganda Our Society Fundamentalism Involvement Government Involvement

Author:George Soros

“However, even a strong government can't perform miracles. It needs money from the taxpayers.”

Needs Government Strong Miracle Taxpayers Need Money Strong Government

Author:George Soros

“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.”

Needs Should Government Running Interest Economy Balance Higher Rate Budgets Over You Desirable Revenue Deficit Recessions Interest Rate Budget Deficit

Author:George Soros

“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.”

Should States Government Player Dangerous Involved Crisis Financial Partnership Entity Rotten Financial System Private Parts

Author:George Soros

“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.”

Giving Has Beens Government Huge Industry Profound Aids Absurd Finance Symptoms Salary Utility Profitability Government Aid

Author:George Soros

“I call government that works the best for people open society, which is basically just another more general term for a democracy that is - you call it maybe a liberal democracy. It's not only majority rule but also respect for minorities and minority opinions and the rule of law. So it's really a sort of institutional democracy.”

People Government Law Term Opinion Democracy Majority Minorities Rule Of Law Majority Rule Liberal Democracy

Author:George Soros

“Most of the poverty and misery in the world is due to bad government, lack of democracy, weak states, internal strife, and so on.”

World States Government Poverty Democracy Weak Misery Investing Dues Internals Strife Ending Poverty World Poverty Bad Government

Author:George Soros

“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.”

May Country States Government Economy Issues Risk Members Creating Economics Print Exposed Currency Absent Default Central Banks Developed Country Depreciate

Author:George Soros

“Financial markets ... resent any kind of government interference but they hold a belief deep down that if conditions get really rough the authorities will step in.”

Ifs Kind Government Belief Business Steps Conditions Authority Financial Finance Rough Get Real Deep Down Resent Interference Financial Markets

Book:Open Society: Reforming Global Capitalism

Source: Open Society: Reforming Global Capitalism

About the Author

Born: August 12, 1930
Known for: Business magnate
Quotes: 201

Related Topics

Investing Financial Ifs World Economy Needs Financial Markets Interest States Government People Country Democracy Germany Political Trends Use Values Crisis Doe

Popular Topics

People Ifs Thinking Knows Men World Way Want Love Life Inspirational Needs Giving Feels Should Writing Trying Years Mind Firsts

Books & Sources

The Alchemy of Finance: Reading the Mind of the MarketRelated source material

Soros on Soros: Staying Ahead of the CurveRelated source material

The Alchemy of FinanceRelated source material

Age of Fallibility: Consequences of the War on TerrorRelated source material

Open Society Reforming Global Capitalism ReconsideredRelated source material

My PhilanthropyRelated source material

Open Society: Reforming Global CapitalismRelated source material

The Age of Fallibility: Consequences of the War on TerrorRelated source material

The Crash of 2008 and What it Means: The New Paradigm for Financial MarketsRelated source material

The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What It MeansRelated source material

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