The year 2008 was a reminder to those who had forgotten that there is such a thing as history and that the cycle of famine and feast in commerce, first identified in antiquity and well understood in the Middle Ages, was not suddenly abolished in modern times. – James Buchan
Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required. – 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 A country once known only from British consular reports and intrepid travelogues is now awash with historical documents, letters, diaries, grainy video, weblogs and secret police files of questionable authenticity.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
Cause and effect, the riddle of all history, is a particular devil in financial history and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing. – James Buchan
Basically, fundamentalism is a modern phenomenon. In the same way that Hitler evoked a mythological religion of German purity and the glory of the past, the Islamists use religion to evoke emotions and passions in people who have been oppressed for a long time in order to reach their purpose. – Azar Nafisi