Royalty is a government in which the attention of the nation is concentrated on one person doing interesting actions.
Walter BagehotThe business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short notice to repay, ought to touch, are those which are easily saleable and easily intelligible.
Walter BagehotEfficiency in an assembly requires a solid mass of steady votes; and these are collected by a deferential attachment to particular men, or by a belief in the principles that those men represent, and they are maintained by fear of those men - by the fear that if you vote against them, you may soon yourself have no vote at all.
Walter BagehotThe apparent rulers of the English nation are like the most imposing personages of the a splendid procession; it is by them that the mob are influenced; it is they who the inspectors cheer. The real rulers are secreted in second hand carriages; no one cares for them or asks about them, but they are obeyed implicitly and unconsciously by reason of the splendour of those who eclipsed and preceded them.
Walter Bagehot