Browsing Untitled By Tag : public debt

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Third Study. The Principle of Association. The Revolution of ’89 had the industrial order to build, after having made a clean sweep of the feudal order. By returning to political theories, it plunged us into economic chaos. In place of a natural order conceived in accordance with science and labor, we have a factitious order, in the shadow of which we have developed parasitic interests, abnormal morals, monstrous ambitions, prejudices at variance with common sense, which today all claim to be legitimate, invoking a tradition of sixty years, and, being unwilling either to abdicate or to modify their demands, place themselves in an antagonistic attitude toward one another, and in a reactionary attitude toward progress. As this state of affairs, of which the principle, the means and the end is War, is unable to answer the needs of an entirely industrial civilization, revolution is the necessary result. But, as everything in the...


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 Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a most humiliat... (From : Anarchy Archives.)


Fellow Laborers, Brothers, Sisters, of the Great Human Family: 'I APPEAR before you not as a silver tongued speaker to tickle your fancies, please your conceits, or to call forth your applause by lofty flights of oratory; but as a cool and deliberate sympathizer in your labors, sufferings, hopes and fears; as one who for years has studied to find out what the matter is in this favored land, that possesses all the elements of prosperity of all other countries in the world; that there can be at the same time creaking warehouses, burdened by the surplus products, and also millions starving. Mothers agonizing for their children who cry for bread they have not to give; fathers desperate and ready for almost anything that promises redress. I come... (From : RevoltLib.com.)

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