Soros said markets are better than regulations? Yes, that George Soros said it

This exchange actually occurred recently during a Cato Institute-hosted forum on the great Frederick Hayek. Yes, that's “Soros” as in “George Soros,” he of every conservative activist's nightmares:

“Soros: Maybe we can find common ground. I think that we would all agree that government regulation is a necessary evil. I don’t know if we could agree with that –

“Epstein: Well, but the necessary evil means you set the presumption against it….

“Soros: Look, I happen to agree with you, because while I argue that markets are unstable and this instability has been artificially expurgated from current economic dogma, I also agree that regulations are inherently imperfect. In fact, in my writings I have said that they are more imperfect than markets. Why? Because they are bureaucratic, they are subject to financial interests and very much influenced by political — So if you can avoid regulations you should. So we have actually found common ground.”

The exchange occurred during a panel that included, according to Cato's David Boaz, “Hayek’s intellectual biographer and editor of The Collected Works of F. A. Hayek, Bruce Caldwell; the brilliant legal scholar Richard Epstein, and the hedge-fund billionaire and Open Society Foundations founder George Soros.”

Yes, you definitely want to go here and watch the entire discussion, or you can click on the embed below.

In case you wonder about all the folks using fans, Cato is in the midst of a massive building addition and as luck would have it, the A/C was out during the Hayek forum. As you will see in watching the proceedings, the natural heat detracted not a wit from the intellectual warmth of the discussion.

Beltway ConfidentialeconomicsLibertariansUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at

Just Posted

A San Francisco Unified School District program that gave would-be teachers extra training in the classroom has lost a key partner. <ins>(Kevin N. Hume/2019 S.F. Examiner)</ins>
USF ends partnership with SFUSD in teacher residency program

District launched training effort to improve low retention rates for new hires

The Rev. Norman Fong of the Chinatown Community Development Center joined San Francisco city leaders and community partners in a “Campaign for Solidarity” at Civic Center Plaza on Saturday, Apr 17, 2021. (CraigLee/Special to the S.F. Examiner)
City launches ‘Campaign for Solidarity’ to combat racial violence

Mayor London Breed, the city’s Human Rights Commission and community leaders launched… Continue reading

It’s time to break the code of silence and end the stigmatism against infertility, which is fairly common. <ins>(Shuttterstock)</ins>
Struggles with infertility are common

We all can support friends, ask legislators to mandate sppropriate insurance

Foxes, aka Louisa Rose Allen, says she taken back control of her music in recent years. <ins>(Courtesy Hollie Fernando)</ins>
Foxes back with ‘Friends in the Corner’

Pop star doing a lot ‘behind the scene’ since 2016

Former Stockton Mayor Michael Tubbs spoke to San Francisco’s new Guaranteed Income Advisory Group on April 16. (Courtesy SFGOV)
City launches task force to explore Universal Basic Income programs

San Francisco on Friday launched a guaranteed income task force that could… Continue reading

Most Read