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It is often said that men are ruled by their imaginations but it would be truer to say they are governed by the weakness of their imaginations.
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
Governed
Weakness
Imagination
Often
Would
Men
Truer
Imaginations
Ruled
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Life is a compromise of what your ego wants to do, what experience tells you to do, and what your nerves let you do.
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All people are most credulous when they are most happy.
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It is good to be without vices, but it is not good to be without temptations.
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No man has come so near our definition of a constitutional statesman - the powers of a first-rate man and the creed of a second-rate man.
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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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An element of exaggeration clings to the popular judgment: great vices are made greater, great virtues greater also interesting incidents are made more interesting, softer legends more soft.
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A democratic despotism is like a theocracy: it assumes its own correctness.
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When great questions end, little parties begin.
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Adventure is the life of commerce, but caution is the life of banking.
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So long as war is the main business of nations, temporary despotism - despotism during the campaign - is indispensable.
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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?
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