Browsing Revolt Library By Tag : borrower

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What is there about money and its function in commercial societies that entraps so many into laying on "the currency" the responsibility for that disease of modem societies of which the tricks of the money market are but a single symptom Not capitalism, they would have us believe, is the enemy, but coined money. Here is a pamphlet by our comrade D. A. Andrade, of the Melbourne Anarchists' Club, which is really quite bewildering in its mixture of sound sense and--opinions on currency. Andrade ought, by his own showing, to be quite free from the influence of the vulgar illusions which haunt the threshold of the study of wealth, for he warns us that money is simply "the token by which one individual keeps record of and measures that portion of... (From : AnarchyArchives.)

Lysander Spooner, Poverty: Its Illegal Causes and Legal Cures. Boston: Bela Marsh, No. 25 Cornhill. 1846. CHAPTER 3: ECONOMICAL RESULTS FROM THE PRECEDING PROPOSITIONS The last four of the preceding propositions assert the following principles, to wit: 1. The right of the parties to contracts to make their own bargains in regard to the rate of interest. 2. The right of free competition in the business of banking. 3. That the legal obligation of a debt, with specific exceptions, is extinguished by the debtor's making payment to the extent of his means, when the debt becomes due. 4. That the several creditors of the same debtor hold successive liens upon his property, for the full amount of their debts, in the order in which their debts res...

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