No Place for a Promise. [Liberty, November 12, 1892.] A Promise, according to the common acceptation of the term, is a binding declaration made by one person to another to do, or not to do, a certain act at some future time. According to this definition, there can, I think, be no place for a promise in a harmonious progressive world. Promises and progress are incompatible, unless all the parties are, at all times, as free to break them as they were to make them; and this admission eliminates the binding element, and, therefore, destroys the popular meaning of a promise.(51 ¶ 1) In a progressive world we know more to-morrow than we know to-day. Also harmony implies absence of external co...
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.)
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.)
Owing to the energetic prosecution of enterprises which have for their object the exploitation of south-central Africa, a large increase of commercial activity is to be observed in this colony. Yet, though more hands are employed, and though the absolute rate of wages has been somewhat raised, no corresponding improvement in the condition of the wage-workers is felt; in fact those who like myself have been in permanent employment for some years find that the cheapening of money is a positive disadvantage to them. This fact having been asserted, the explanation is as follows. The limited and gradual increase in the requirements of the employment market has been more than kept supplied by the number of persons who flock to this country as to ... (From : AnarchyArchives.)
A NEW BANKING SYSTEM THE NEEDFUL CAPITAL FOR REBUILDING THE BURNT DISTRICT By LYSADNER SPOONER. BOSTON: SOLD BY A. WILLIAMS & CO. 135 WASHINGTON SREET 1873 Entered according to Act of Congress, in the year 1873, By LYSANDER SPOONER, In the office of the Librarian of Congress, at Washington. Printed by WARREN RICHARDSON, 112 Washington St. C O N T E N T S. CHAPTER I. A New Banking System CHAPTER II. Specie Payments CHAPTER III. No Inflation Prices CHAPTER IV. Security of the System CHAPTER V. The System as a Credit System CHAPTER VI. Amount of Currency Needed CHAPTER VII. Importance of the System to Massachusetts, CHAPTER VIII. The True Character of the "National" System CHAPTER IX. Amasa Walker's Opinion of the Auth... (From : Anarchy Archives.)
Godwin, William. Of Population. London: Longman, Hurst, Rees, Orme and Brown, Paternoster Row, 1820. CHAPTER V. Numbers of Mankind in Ancient and Modern Times Les hommes ne multiplient pas aussi aisément qu'oun le pense. Voltaire, Histoire Générale, CHAP. I. It is not a little singular, and is proper to be commemorated here, that a controversy existed in the early part of the last century, as to the comparative populousness of ancient nations, or the contrary. One of the leaders in this debate was the celebrated Montesquieu; and what he says on the subject is so much to the purpose, that I shall translate the passage. "To amuse in some part," says one of the correspondents in the Persian Letters to another, "the time of my visit to Europe, I devoted myself to the perusal of the historians, ancient and modern; I compare the different ages of the world; I am plea...
Since the publication of this book Englishmen have for the first time the opportunity of learning the life and ideas, the sufferings and wrongs of the people of Russia. The voiceless, unknown masses of cultivators of the soil, 83 percent of the whole population, have hitherto been vaguely pictured in English minds as a herd of coarse and brutalized semi-barbarians. In Stepniak's book they start into vivid reality as a nation of lovable and social human beings. Nay more, they appear before us as men whose social and personal development is in some directions wider than our own, men who bear a message of enlargement to the Teutons and Kelts of Western Europe. In his previous works Stepniak has shown the English public how the Russian governme... (From : AnarchyArchives.)
ENGLAND. Already the unemployed are driven into an open manifestation of their misery. During the last fortnight in August they have been meeting in small knots in Hyde Park, and latterly the little groups have begun to swell into considerable meetings, energetically addressed by various Socialist comrades and calling for the fraternal attention of the "moral miracles." No doubt we shall presently hear that "I, Charles Warren," forbid public meetings in the parks as well as the Square and the streets. Meanwhile the metropolitan poor law returns show a higher rate of pauperism than ever, and the trades unions report between 3 and 4 per cent of skilled and organized workers unemployed even in the middle of summer. A continually increasing num... (From : AnarchyArchives.)