In modern society, where most people live in cities, and where both needs and wishes are absolved through the same remote agency – money – the distinction between wishes and needs has altogether vanished. – James Buchan
Because bankers measure their self-worth in money, and pay themselves a lot of it, they think theyre fine fellows and dont need to explain themselves. – James Buchan
Even before he came to power in 1997, Gordon Brown promised to change the accounts to parliament from simple litanies of cash in and cash out, to a more commercial system that took notice of the public property the departments were using. This system is known as resource accounting. – James Buchan
Bulls dont read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch tulip mania of 1637, the Banque Royale of 1719-20, the railway speculation of the 1840s, the great crash of 1929. – James Buchan