Wall Street & Finance✓ Verified source
“Credit means that a certain confidence is given, and a certain trust reposed. Is that trust justified? and is that confidence wise? These are the cardinal questions. To put it more simply credit is a set of promises to pay; will those promises be kept?
— Walter Bagehot
Economist and essayist, author of Lombard Street
Lombard Street: A Description of the Money Market (1873), Ch. II, A General View of Lombard Street
About this quote
- Attributed to
- Walter Bagehot
- Source
- Lombard Street: A Description of the Money Market (1873), Ch. II, A General View of Lombard Street
- Culture / tradition
- British
- Attribution status
- ✓ Verified source
- Verification
- Primary reference
Photo: Diliff · CC BY-SA 3.0 · source · Portrait: Norman Hirst (1862–1956), after Unknown artist (Public domain)
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