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England Quotes

“Shall we have recourse to the art of printing? But this has not destroyed property or aristocracy or corporations or paper wealth in England or America, or diminished the influence of either; on the contrary, it has multiplied aristocracy and diminished democracy.”

“[James] Madison pointed out in the discussion of the constitutional debates - the constitutional convention - that democracy would be a danger. He used England of course as the model and said suppose that in England everyone had the free right to vote; the poor, the propertyless - who are the great majority - would use their voting power to take away the rights of property owners to carry out what we would call land reform.”

“Americans of all ages, all stations in life, and all types of disposition are forever forming associations. There are not only commercial and industrial associations in which all take part, but others of a thousand different types-religious, moral, serious, futile, very general and very limited, immensely large and very minute....At the head of any new undertaking, where in France you would find the government or in England some territorial magnate, in the United States you are sure to find an association.”

“Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.”

“The fact is that Britain is the most warlike nation on earth. In the history of armed combat, we are the only democracy to have declared war on another democracy - England versus Finland in the second world war, in case you're interested - and we're always at the front of the queue when Johnny Foreigner gets a bit uppity. Who stood up to the Kaiser? Who stood up to Adolf? And let's not forget the Argies. What other country would have sent its fleet halfway round the world and lost 250 men to protect a flock of sheep and some oil that might or might not be there? We're still at it.”