Cause and effect, the riddle of all history, is a particular devil in financial history and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing. – James Buchan
Of all the failed technologies that litter the onward march of science – steam carriages, zeppelins, armoured trains – none has been so catastrophic to prosperity as the last centurys attempt to generate electricity from nuclear fission. – James Buchan