The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
George SorosWhen interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
George SorosI have made it a principle to give advice that does not serve my personal interest but rather the common interests.
George SorosThe financial markets play an active role in determining what's going to happen, how the economy is going to function.
George Soros