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A democratic despotism is like a theocracy: it assumes its own correctness.
Walter Bagehot
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Walter Bagehot
Age: 51 †
Born: 1826
Born: February 3
Died: 1877
Died: March 24
Businessperson
Economist
Engineer
Journalist
Political Scientist
Politician
Sociologist
Langport
Somerset
Assuming
Democratic
Democracy
Freedom
Theocracy
Government
Assumes
Like
Correctness
Despotism
Bureaucracy
More quotes by Walter Bagehot
Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone: but what we have requires no proof.
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Life is not a set campaign, but an irregular work, and the main forces in it are not overt resolutions, but latent and half-involuntary promptings.
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In early times every sort of advantage tends to become a military advantage such is the best way, then, to keep it alive. But the Jewish advantage never did so beginning in religion, contrary to a thousand analogies, it remained religious.
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A great pleasure in life is doing what people say you cannot do.
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The cardinal maxim is, that any aid to a present bad Bank is the surest mode of preventing the establishment of a future good Bank.
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In my youth I hoped to do great things now I shall be satisfied to get through without scandal.
Walter Bagehot
A schoolmaster should have an atmosphere of awe, and walk wonderingly, as if he was amazed at being himself.
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Nations touch at their summits.
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Whenever two people meet, there are really six people present. There is each man as he sees The greatest pleasure in life is doing what people say you cannot do.
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The mystic reverence, the religious allegiance, which are essential to a true monarchy, are imaginative sentiments that no legislature can manufacture in any people.
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What impresses men is not mind, but the result of mind.
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To a great experience one thing is essential, an experiencing nature.
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The 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.
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Most men of business think Anyhow this system will probably last my time. It has gone on a long time, and is likely to go on still.
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The best history is but like the art of Rembrandt it casts a vivid light on certain selected causes, on those which were best and greatest it leaves all the rest in shadow and unseen.
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The greatest mistake is trying to be more agreeable than you can be.
Walter Bagehot
In every particular state of the world, those nations which are strongest tend to prevail over the others and in certain marked peculiarities the strongest tend to be the best.
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We see but one aspect of our neighbor, as we see but one side of the moon in either case there is also a dark half, which is unknown to us. We all come down to dinner, but each has a room to himself.
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Business is really more agreeable than pleasure it interests the whole mind, the aggregate nature of man more continuously, and more deeply. But it does not look as if it did.
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The great pleasure of life is doing for pleasure things I do not like to do.
Walter Bagehot