Quote of the day
A monarchy is the most expensive of all forms of government, the regal state requiring a costly parade, and he who depends on his own power to rule, must strengthen that power by bribing the active and enterprising whom he cannot intimidate.
Walter Bagehot
Born: February 3, 1826
Died: March 24, 1877 (aged 51)
Bio: Walter Bagehot was a British journalist, businessman, and essayist, who wrote extensively about government, economics, and literature.
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