Browsing Untitled By Tag : bank of france

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First Study. Reaction Causes Revolution. 1. The Revolutionary Force It is an opinion generally held nowadays, among men of advanced views as well as among conservatives, that a revolution, boldly attacked at its incipiency, can be stopped, repressed, diverted or perverted; that only two things are needed for this, sagacity and power. One of the most thoughtful writers of today, M. Droz, of the Académie Francaise, has written a special account of the years of the reign of Louis XVI, during which, according to him, the Revolution might have been anticipated and prevented. And among the revolutionaries of the present, one of the most intelligent, Blanqui, is equally dominated by the idea that, given sufficient strength and skill, Power is able to lead the people whither it chooses, to crush the right, to bring to naught the spirit of revolution. The whole policy of the Tribune of Belle-Isle—I beg his...

A Spirit More Evil Than Alcohol. [Liberty, August 13, 1887.] The authority of learning, the tyranny of science, which Bakunin foresaw, deprecated, and denounced, never found blunter expression than in an article by T. B. Wakeman in the August number of the Freethinkers’ Magazine in which the writer endeavors to prove, on scientific grounds alone, that alcohol is an evil, a poison that ought never to be taken into the human system. My knowledge of chemistry and physiology is too limited to enable me to judge of the scientific soundness of the attempted demonstration; but I do know that it is admirably well written, wonderfully attractive, powerfully plausible, important if true, and therefore worthy of answer by those who alone are competent to answer it if it can be a...


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.)

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