George Soros Quotes About Authority

Quotes about: Authority

• 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.

  George Soros

  Business, Government, Steps

  George Soros (2000). “Open Society: Reforming Global Capitalism”, PublicAffairs

• In the case of a meltdown, the regulatory authorities may find themselves obliged to step in to preserve the integrity of the system. It is in that light that the authorities have both a right and an obligation to supervise and regulate derivative instruments.

  George Soros

  Integrity, Light, Investing

  George Soros (1995). “Soros on Soros: Staying Ahead of the Curve”, Wiley

• However, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists.

  George Soros

  Successful, Years, Broken

  "'The Economy Fell off the Cliff'". Interview with Mathias Müller von Blumencron, Gregor Peter Schmitz and Gabor Steingart, www.spiegel.de. November 24, 2008.

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