Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required. – 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
The west has a great deal to answer for in the Middle East, from Britains belated empire-building after the First World War to the US and British policy that condemns modern Iraq to the material and social squalor of a half-century ago. – 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
Politicians also have a love affair with the small business exemption. Too much paperwork? Too heavy a burden? Not enough time? Just exempt small businesses from the rule. It sounds so pro-growth. Instead its an admission that the costs of a regulation just cant be justified. – John Sununu