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Walter Bagehot -
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So long as war is the main business of nations, temporary despotism — despotism during the campaign — is indispensable.
A bureaucracy is sure to think that its duty is to augment official power, official business, or official members, rather than to leave free the energies of mankind; it overdoes the quantity of government, as well as impairs its quality.
Business is really more agreeable than pleasure; it interests the whole mind, the aggregate nature of man more continuously, and more deeply. But it does not look as if it did.
The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short notice to repay, ought to touch, are those which are easily saleable and easily intelligible.
Most men of business think "Anyhow this system will probably last my time. It has gone on a long time, and is likely to go on still."
The Crown is, according to the saying, the 'fountain of honour'; but the Treasury is the spring of business.
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It may be that there is nothing more demoralizing than a small but adequate income.
February 3, 1826
March 24, 1877
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