Credit means that a certain confidence is given, and a certain trust reposed. Is that trust justified? And is that confidence wise? These are the cardinal questions. To put it more simply credit is a set of promises to pay; will those promises be kept?
Walter BagehotA constitutional statesman is in general a man of common opinions and uncommon abilities.
Walter BagehotDullness in matters of government is a good sign, and not a bad one - in particular, dullness in parliamentary government is a test of its excellence, an indication of its success.
Walter BagehotThe mystic reverence, the religious allegiance, which are essential to a true monarchy, are imaginative sentiments that no legislature can manufacture in any people.
Walter Bagehot