Mr. Soros has referred to the European Union as a fantastical object.
I want to propose right here at the beginning of the conference that we seriously consider the possibility that intertemporal general equilibrium functions for economists as a “fantastical object”.Read it at INET
Observers of economics easily miss this, focusing instead on the fights between those who think government intervention is the solution and those who think government intervention is the problem. But typically both sides of this fight have vividly in front of them the very same fantastical object; they are fighting about how best to make that fantastical object a present reality, but they are in agreement about resisting Mr. Soros’ attempts to get them to let go of their fantastical object.
Mehrling on Soros
by Perry Mehrling