The year 2008 was a reminder to those who had forgotten that there is such a thing as history and that the cycle of famine and feast in commerce, first identified in antiquity and well understood in the Middle Ages, was not suddenly abolished in modern times.
James Buchan
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Part of what I loved - and love - about being around older people is the tangible sense of history they embody. I'm interested in military history, for instance, because both my grandfathers fought in World War II. I'm interested in writing because one of those grandfathers wrote books. -
Then I despair... I remember that all through history, the way of truth and love has always won. There have been murderers and tyrants, and for a time they can seem invincible. But in the end they always fall. Think of it always. -
Over the objections, where they sound like squealing pigs, over the objections of Romney and all his allies, we passed some of the toughest Wall Street regulations in history, turning Wall Street back into the allocator of capital it always has been and no longer a casino. And they want to repeal it. -
If past history was all there was to the game, the richest people would be librarians. -
I'll watch any show on the History Channel.
More quotes by James Buchan
- Any new financial order for the world must tackle the three chief challenges of our age.
- There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
- Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness.
- Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required.
- Up until the Depression, recession had a moral character: it was supposed to purge the body economic of the greed and excess that attends a business expansion.