Tim Heald

In Budapest

In Budapest it is still who you know, not what you know, that counts.

issue 15 December 2007

Budapest is the only city I know where Gresham’s Law takes pride of place. On the Pest side of the Danube opposite the Iron Bridge, in a niche on the front of what is now the Four Seasons Hotel, stands a statue of the propounder of ‘Bad Money Drives Out Good’.

GIF Image

Disagree with half of it, enjoy reading all of it

TRY A MONTH FREE
Our magazine articles are for subscribers only. Try a month of Britain’s best writing, absolutely free.

Comments

Join the debate, free for a month

Be part of the conversation with other Spectator readers by getting your first month free.

Already a subscriber? Log in