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
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
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
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 A country once known only from British consular reports and intrepid travelogues is now awash with historical documents, letters, diaries, grainy video, weblogs and secret police files of questionable authenticity.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