George Soros on regulation

The Alchemy of Finance, Reading the Mind of the Market by George Soros published in 1987.

“After nearly half a century of what now appears as excessive regulation, we have been moving towards excessive deregulation. The sooner we recognize that some kind of regulation is necessary in order to maintain stability, the better our chances of preserving the benefits of a nearly free market system.”

Obviously we’re not there yet thirty years later.

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