Royalty is a government in which the attention of the nation is concentrated on one person doing interesting actions. A Republic is… — Walter Bagehot Copy Share Image
The apparent rulers of the English nation are like the most imposing personages of the a splendid procession; it is by them… — Walter Bagehot Copy Share Image
A political country is like an American forest; you have only to cut down the old trees, and immediately new trees come… — Walter Bagehot Copy Share Image
Efficiency in an assembly requires a solid mass of steady votes; and these are collected by a deferential attachment to particular men,… — Walter Bagehot Copy Share Image
No real English gentleman, in his secret soul, was ever sorry for the death of a political economist. — Walter Bagehot Copy Share Image
Whatever expenditure is sanctioned - even when it is sanctioned against the ministry's wish - the ministry must find the money. Accordingly,… — Walter Bagehot Copy Share Image
But of all nations in the world the English are perhaps the least a nation of pure philosophers. — Walter Bagehot Copy Share Image
The Sovereign has, under a constitutional monarchy such as ours, three rights - the right to be consulted, the right to encourage, the right… — Walter Bagehot Copy Share Image
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 Copy Share Image
Adventure is the life of commerce, but caution is the life of banking. — Walter Bagehot Copy Share Image
A severe though not unfriendly critic of our institutions said that the cure for admiring the House of Lords was to go and look… — Walter Bagehot Copy Share Image
Nothing is more unpleasant than a virtuous person with a mean mind. — Walter Bagehot Copy Share Image
An inability to stay quiet is one of the conspicuous failings of mankind. — Walter Bagehot Copy Share Image
Most men of business think "Anyhow this system will probably last my time. It has gone on a long time, and is likely to… — Walter Bagehot Copy Share Image
The peculiar essence of our banking system is an unprecedented trust between man and man. And when that trust is much weakened by hidden… — Walter Bagehot Copy Share Image
