Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required. – James Buchan
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. – James Buchan
One of the consequences of the Iranian revolution has been an explosion of history. A country once known only from British consular reports and intrepid travelogues is now awash with historical documents, letters, diaries, grainy video, weblogs and secret police files of questionable authenticity. – James Buchan
Any new financial order for the world must tackle the three chief challenges of our age. – James Buchan