The Credit Strategist

Share this post

John Bull Can Stand 4%

www.thecreditstrategist.com

John Bull Can Stand 4%

The Credit Strategist Blog

The Credit Strategist
Sep 20, 2022
∙ Paid
6
Share

Walter Bagehot, the 19th century editor of The Economist, wrote in an article in the Inquirer on July 31, 1852 that “John Bull can stand a great deal, but he cannot stand two per cent.” He continued:

“People won’t take 2 per cent; they won’t bear a loss of income. Instead of that dreadful event, they invest their careful savings in something impossibl…

Keep reading with a 7-day free trial

Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
Previous
Next
© 2023 Michael Lewitt
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing