• 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.

    George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.17, John Wiley & Sons
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