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Uncommon Sense

Pithy sayings and brilliant observations

Tag: Walter Bagehot

(1826-1877)

The tyranny of the masses

A democratic despotism is like a theocracy: It assumes its own correctness.

Author Greg RavenPosted on March 6, 2015November 1, 2018Format QuoteCategories democracyTags Walter Bagehot

Bank bail-outs

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.

Author Greg RavenPosted on August 16, 2012November 1, 2018Format QuoteCategories economicsTags Walter Bagehot

“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides.” — Thomas Paine

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