A Quote by Walter Bagehot
The business of banking ought to be simple. If it is hard it is wrong. The only securities which a banker, using money that he may be asked at short notice to repay, ought to touch, are those which are easily saleable and easily intelligible.
Related Quotes
The system of Descartes... seemed to give a plausible reason for all those phenomena; and this reason seemed more just, as it is simple and intelligible to all capacities. But in philosophy, a student ought to doubt of the things he fancies he understands too easily, as much as of those he does not understand.
The hypotheses which we accept ought to explain phenomena which we have observed. But they ought to do more than this; our hypotheses ought to foretell phenomena which have not yet been observed; ... because if the rule prevails, it includes all cases; and will determine them all, if we can only calculate its real consequences. Hence it will predict the results of new combinations, as well as explain the appearances which have occurred in old ones. And that it does this with certainty and correctness, is one mode in which the hypothesis is to be verified as right and useful.
The more intelligible a thing is, the more easily it is retained in the memory, and counterwise, the less intelligible it is, the more easily we forget it.
O, because I have had only that kind of benevolence which consists in lying on a sofa, and cursing the church and clergy for not being martyrs and confessors. One can see, you know, very easily, how others ought to be martyrs.
Your life is not going to be easy, and it should not be easy. It ought to be hard. It ought to be radical; it ought to be restless; it ought to lead you to places you'd rather not go.
The [UN Security Council] P5 ought to be dissuaded from using their veto power, which can paralyze the United Nations. The country blocking action ought to have to explain its decision and propose an alternative solution. It has been suggested that a veto only becomes effective if the vetoing state has the support of two or three other permanent members.
The danger which threatens us comes from Labour...Those who think that the Conservative or Unionist Party, standing as such and disavowing its Liberal allies, could return with a working majority are living in a fools paradise and, if they persist, may easily involve themselves and the country in dangers the outcome of which it is hard to predict.
When capital comes into our own countries, it ought to be for, you know, a longer-term investment. If it's extremely short, hot money, we ought to treat it in that way and have type of regulatory policy.
I've got an opinion on everything. Sure, you ought to do OCS, you ought to do renewables, you ought to do biofuels, you ought to do ethanol, all of them. Those are ours and we've got to get off the dependency on the foreign oil.
The rich and luxurious may claim an exclusive right to those pleasures which are capable of being purchased by pelf, in which the mind has no enjoyment, and which only afford a temporary relief to languor by steeping the senses in forgetfulness; but in the precious pleasures of the intellect, so easily accessible by all mankind, the great have no exclusive privilege; for such enjoyments are only to be procured by our own industry.
The first essential for economists ... is to ... combat, not foster, the ideology which pretends that values which can be measured in terms of money are the only ones that ought to count.
Drug use, some might say, is destroying this country. And we have laws against selling drugs, pushing drugs, using drugs, importing drugs. And the laws are good because we know what happens to people in societies and neighborhoods which become consumed by them. And so if people are violating the law by doing drugs, they ought to be accused and they ought to be
convicted and they ought to be sent up.
A potato can grow quite easily on a very small plot of land. With molecular manufacturing, we'll be able to have distributed manufacturing, which will permit manufacturing at the site using technologies that are low-cost and easily available.
It ought to concern every person, because it is a debasement of our common humanity. It ought to concern every community, because it tears at our social fabric. It ought to concern every business, because it distorts markets. It ought to concern every nation, because it endangers public health and fuels violence and organized crime. I’m talking about the injustice, the outrage, of human trafficking, which must be called by its true name - modern slavery.
If a conservative order is indeed to return, we ought to know the tradition which is attached to it, so that we may rebuild society; if it is not to be restored, still we ought to understand conservative ideas so that we may rake from the ashes what scorched fragments of civilizations escape the conflagration of unchecked will and appetite.
The hypotheses we accept ought to explain phenomena which we have observed. But they ought to do more than this: our hypotheses ought to foretell phenomena which have not yet been observed.
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