If happily, by its intelligence and attractiveness, a cabinet can gain a hold upon the great middle part of Parliament, it will continue to exist not… - Walter Bagehot

The owners of savings not finding, in adequate quantities, their usual kind of investments, rush into anything that promises speciously, and when they find that these specious investments can be disposed of at a high profit, they rush into them more and more. The first taste is for high interest, but that taste soon becomes secondary. There is a second appetite for large gains to be made by selling the principal which is to yield the interest. So long as such sales can be effected the mania continues; when it ceases to be possible to effect them, ruin begins.

The purse strings tie us to our kind.

Cabinet governments educate the nation; the presidential does not educate it, and may corrupt it.