Royalty is a government in which the attention of the nation is concentrated on one person doing interesting actions. A Republic is a government in which that attention is divided between many, who are all doing uninteresting actions. Accordingly, so long as the human heart is strong and the human reason weak, Royalty will be strong because it appeals to diffused feeling, and Republics weak because they appeal to the understanding.
Walter BagehotThe peculiar essence of our banking system is an unprecedented trust between man and man. And when that trust is much weakened by hidden causes, a small accident may greatly hurt it, and a great accident for a moment may almost destroy it.
Walter BagehotNo great work has ever been produced except after a long interval of still and musing meditation.
Walter BagehotThe whole history of civilization is strewn with creeds and institutions which were invaluable at first, and deadly afterwards
Walter BagehotI'm not the kind of writer who's able to block out the world around me. I'm mindful of our own haves and have-nots, how our culture often blames and punishes the have-nots. I worry about our precarious economic and political climate.
Walter Bagehot