Credit means that a certain confidence is given, and a cert… - Walter Bagehot

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Credit means that a certain confidence is given, and a certain trust reposed. Is that trust justified? and is that confidence wise? These are the cardinal questions. To put it more simply credit is a set of promises to pay; will those promises be kept?

Walter Bagehot

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About Walter Bagehot

Walter Bagehot (February 3 1826 – March 24 1877) was an English businessman, essayist and journalist who wrote about literature, government and economics.

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Originators like Walter Bagehot:

Edmund Burke Benjamin Disraeli John Adams Thomas Babington Macaulay, 1st Baron Macaulay Montesquieu

Additional quotes by Walter Bagehot

An ancient and ever-altering constitution is like an old man who still wears with attached fondness clothes in the fashion of his youth: what you see of him is the same; what you do not see is wholly altered.

Nations touch at their summits.

But the Queen has no such veto; She must sign her own death-warrant if the two Houses unanimously send it up to her.

Credit means that a certain confidence is given, and a certain trust reposed. Is that trust justified? and is that confidence wise? These are the car… - Walter Bagehot

About Walter Bagehot

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