Central banks must burst bubbles: Soros

George Soros, the billionaire financier, urged central bankers and regulators to tackle asset-price bubbles in spite of the difficulties in identifying them.

Soros told an audience at the London School of Economics on Wednesday that he vehemently opposed the view most famously espoused by Alan Greenspan, a former Federal Reserve chairman, that central banks could not identify asset-price bubbles but only mop up the damage they caused. "If central banks only use their powers to bail out banks,