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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?

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 characteristic danger of great nations, like the Romans or the English which have a long history of continuous creation, is that they may at last fail from not comprehending the great institutions which they have created
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But of all nations in the world the English are perhaps the least a nation of pure philosophers.
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What we opprobriously call stupidity, though not an enlivening quality in common society, is nature's favorite resource for preserving steadiness of conduct and consistency of opinion.
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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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A princely marriage is the brilliant edition of a universal fact, and, as such, it rivets mankind.
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Men who do not make advances to women are apt to become victims to women who make advances to them.
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