Contract Or Organism, What’s That To Us? [Liberty, July 30, 1887.] Some very interesting and valuable discussion is going on in the London Jus concerning the question of compulsory versus voluntary taxation. In the issue of June 17 there is a communication from F. W. Read, in which the following passage occurs:(4 ¶ 1) The voluntary taxation proposal really means the dissolution of the State into its constituent atoms, and leaving them to recombine in some way or no way, just as it may happen. There would be nothing to prevent the existence of five or six States in England, and members of all these States might be living in the same house! The prop...
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.)