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
More from: James Buchan
DOWNLOAD
You are free to use this picture for any purpose including commercial. A credit linking back to this page is appreciated.
Similar Quotes:
-
America is the greatest nation ever founded. The ideals are the greatest ever espoused in human history, and we just need the country to live up to them. But what I worry about are the 1 million black men in the prison system. -
America is the only nation in history which miraculously has gone directly from barbarism to degeneration without the usual interval of civilization. -
We've been a country that's been fortunate to be protected by two oceans, to not have serious attacks on our territory for most of our history. And we were unfortunately reminded in a very devastating way of our vulnerability. -
Revolutions are the locomotives of history. -
It is the great sadness of our species that we have not found a way to eliminate the conflict and to eliminate violence as a device to resolve our conflicts throughout the entire history of the human race.
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.