"We read too much Shakespeare at school, and view our parliamentary politics as dynastic drama, in which an impatient crown prince frets at his long subordination and begins to scheme for the throne he knows he merits, was promised and has earned."
"Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future."James Buchan on John F. Kennedy
"Suppose you were an idiot, and suppose you were a member of Congress but I repeat myself."James Buchan on Mark Twain
"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors."James Buchan on Plato
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."James Buchan on Milton Friedman
"It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything."James Buchan on Joseph Stalin
"Any new financial order for the world must tackle the three chief challenges of our age."
"There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation."
"Rarely in modern times has there been such a revolution in commercial sentiment as occurred in 2008, or such a display in government and business of panic and helplessness."
"Profits in business always depend on the rate of interest: the higher the interest, the higher the rate of profit required."
"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."