Quote

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 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
Mean
Promise
Cardinal
Pay
Cardinals
Trust
Justified
Simply
Promises
Wise
Kept
Means
Credit
Given
Questions
Certain
Confidence
Reposed

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The best security for people's doing their duty is that they should not know anything else to do.
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History is strewn with the wrecks of nations which have gained a little progressiveness at the cost of a great deal of hard manliness, and have thus prepared themselves for destruction as soon as the movements of the world have a chance for it.
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The reason why so few good books are written is that so few people who can write know anything.
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If you have to prove you are worthy of credit, your credit is already gone.
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