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Can there be a more lamentable picture than that of a chancellor of the exchequer seated on an empty chest by a pool of bottomless deficiency fishing for a budget?
-Robert Peel
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Can There Be A More Lamentable Picture

Robert Peel
Can there be a more lamentable picture than that of a chancellor of the exchequer seated on an empty chest by a pool of bottomless deficiency fishing for a budget?
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Fishing Pool Economics

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Equity is a roguish thing. for law we have a measure, know what to trust to; equity is according to the conscience of him that is chancellor, and as that is larger or narrower, so is equity. 't is all one as if they should make the standard for the measure we call a "foot" a chancellor's foot; what an uncertain measure would this be! one chancellor has a long foot, another a short foot, a third an indifferent foot. 't is the same thing in the chancellor's conscience.
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The state only aims at instilling those qualities in its public by which its demands are obeyed, and its exchequer is filled. its highest attainment is the reduction of mankind to clockwork. in its atmosphere all those finer and more delicate liberties, which require treatment and spacious expansion, inevitably dry up and perish. the state requires a taxpaying machine in which there is no hitch, an exchequer in which there is never a deficit, and a public, monotonous, obedient, colorless, spiritless, moving humbly like a flock of sheep along a straight high road between two walls.
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