Under the influence of fear, which always leads men to take a pessimistic view of things, they magnified their enemies’ resources, and minimized their own.
We feel public misfortunes just so far as they affect our private circumstances, and nothing of this nature appeals more directly to us than the loss of money.
Such is the nature of crowds: either they are humble and servile or arrogant and dominating. They are incapable of making moderate use of freedom, which is the middle course, or of keeping it.
