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Quote by Walter Bagehot

Work

The English Constitution: And Other Political Essays

This book is a compilation of essays that delve into the intricacies of the English constitution, exploring its historical development and its influence on political systems. The essays provide insights into the structure and functioning of the English political framework, offering a critical analysis of its evolution and significance. more

Author

Walter Bagehot
Walter Bagehot

Walter Bagehot was an English journalist and social philosopher, best known for his editorial role at The Economist. His writings on economics, finance, and political institutions have had a profound impact on the field. more

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“Men are to be guided only by their self-interests. Good government is a good balancing of these; and, except a keen eye and appetite for self-interest, requires no virtue in any quarter. To both parties it is emphatically a machine: to the discontented, a taxing-machine; to the contented, a machine for securing property. Its duties and its faults are not those of a father, but of an active parish-constable.”

“The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations... But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.”