A Puppet For a God [Liberty, April 9, 1887.] To the Editor of Liberty:(9 ¶ 1) Please accept my thanks for your candid answer to my letter of November 11, 1886. It contains, however, some points which do not seem to me conclusive. The first position to which I object is your statement that voluntary association necessarily involves the right of secession; hereby you deny the right of any people to combine on a constitution which denies that right of secession, and in doing so attempt to force upon them your own idea of right. You assume the case of a new State attempting to impose its laws upon a former settler in the country, and say that they have no right to do so; I agree with you, but have I...
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal A Loan is a Service On the one hand, it is very true, as you have unquestionably established, that a loan is a service. And as every service has a value, and, in consequence, is entitled by its nature to a reward, it follows that a loan ought to have its price, or, to use the technical phrase, ought to bear interest. But it is also true, and this truth is consistent with the preceding one, that he who tends, under the ordinary conditions of the professional lender, does not deprive himself, as you phrase it, of the capital which be lends. He lends it, on the contrary, precisely bec... (From : Anarchy Archives.)