More Questions. [Liberty, January 28, 1888.] To the Editor of Liberty:(14 ¶ 1) I thank you for your courteous treatment of my questions in your issue of December 31, and as you express a willingness in this direction, I will follow in the same line, and trust you will still think my questions are pertinent and proper.(14 ¶ 2) Do you think property rights can inhere in anything not produced by the labor or aid of man?(14 ¶ 3) You say, Anarchism being neither more nor less than the principle of equal liberty, etc. Now, if government were so...
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.)