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The most essential mental quality for a free people, whose liberty is to be progressive, permanent and on a large scale, is much stupidity.
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
Much
Essential
People
Mental
Essentials
Cynical
Large
Progressive
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Liberty
Scales
Quality
Stupidity
Free
Permanent
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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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Go ahead and do the impossible. It's worth the look on the faces of those who said you couldn't.
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Capital must be propelled by self-interest it cannot be enticed by benevolence.
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