Stilltitled

it is good that authors should be remunerated; and the least exceptionable way of remunerating them is by a monopoly. Yet monopoly is an evil. For the sake of the good we must submit to the evil; but the evil ought not to last a day longer than is necessary for the purpose of securing the good.

—Lord Macaulay, 1841, in his remarks on the inconveniences of copyright…neither few nor small…copyright is a monopoly. He goes on to say, “the effect of monopoly generally is to make articles scarce, to make them dear, and to make them bad.”

The old fashioned novel is really dead, and nothing can revive it nor make anybody care for it again. What is to follow it?…A clever German who is here suggested to me last night that the literature of the future might turn out to be the daily exchange of ideas of men of genius—over the everlasting telephone of course—published every morning for the whole world….

—From a letter to Isabella Stewart Gardner from novelist F. Marion Crawford, August 23, 1896, found by Kristin Parker, archivist at the museum

I expect the Asian region including China to continue serving the role of growth engine for the world economy. For China’s market, there’s a possibility of a correction, but the long-term outlook is still bright…

Despite the fact that markets have risen well off their lows, I think we’re in a bull market I expect to go on. It’s a multiyear bull market. I don’t think it’s over yet.

The relative growth being seen in some emerging markets is going to look particularly attractive against the low growth in the West. I particularly like emerging markets that can be driven very much by domestic demand, by the internal dynamics of their economy.

—Anthony Bolton: via Bloomberg

Some of our competitors have 30 million unique users a month, and you would think that any business that has 30 million unique users would be the happiest in the world. But they’re not. They’re worried.

—Matt Kelly, Associate Editor of the Daily Mirror and mirror.co.uk