Every bubble has two components: something - some real trend, and a misconception about that trend.
George SorosThe people currently in charge have forgotten the first principle of an open society, namely that we may be wrong and that there has to be free discussion. That it's possible to be opposed to the policies without being unpatriotic.
George SorosAs a society we can't live without moral considerations. We do have to protect the public good. And markets are not designed to do that, so we need a political process.
George SorosI very often used to get backaches due to the fact that I was wrong. Whenever you are wrong you have to fight or [take] flight. When [I] make the decision, the backache goes away.
George SorosYou could adjust the punishment to fit the infraction. Even a small fine would be enough to bring an errant government to heel.
George SorosAmerica felt victorious and generous after World War II. They had also learned from the mistakes after World War I when they imposed punishment on Germany. What became of Germany? A Nazi dictatorship which threatened the world. Today's Germany doesn't feel as prosperous and generous as America then. But actually, Germany still is very prosperous.
George Soros