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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

“There can be no public or private virtue unless the foundation of action is the practice of truth.” — George Jacob Holyoake

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