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
If good history is dispassionate history, it must naturally wait until the passions of the period subside. – 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
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