On the record
The best political credit is analogous; we trust our countrymen without remembering that we trust them.
Said by
Walter Bagehot
Source
gutenberg.orgThe best political credit is analogous; we trust our countrymen without remembering that we trust them.
Bagehot draws an analogy between political and mercantile credit, emphasizing unexamined trust in governance.
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The whole history of civilisation, is strewn with creeds and institutions which were invaluable at first, and deadly afterwards.
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