Browsing Revolt Library By Tag : debt

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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.)


Fellow Laborers, Brothers, Sisters, of the Great Human Family: 'I APPEAR before you not as a silver tongued speaker to tickle your fancies, please your conceits, or to call forth your applause by lofty flights of oratory; but as a cool and deliberate sympathizer in your labors, sufferings, hopes and fears; as one who for years has studied to find out what the matter is in this favored land, that possesses all the elements of prosperity of all other countries in the world; that there can be at the same time creaking warehouses, burdened by the surplus products, and also millions starving. Mothers agonizing for their children who cry for bread they have not to give; fathers desperate and ready for almost anything that promises redress. I come... (From : RevoltLib.com.)


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.)

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...


The Newcastle Daily Chronicle: February 20, 1985, p4. Reprinted in Small Communal Experiments and Why They Fail Jura Books Editor's Preface Peter Kropotkin (1842-1921) was one of the greatest anarchist theoreticians of his time. Although he admired the directly democratic and non-authoritarian practices of the traditional peasant village commune, he was never an advocate of small and isolated communal experimentalism. Many people, upon reading his works, have been inspired to found such communities, both in his own time as well as the hippies of the 1960s (a period when Kropotkin's major works were republished and influential). Kropotkin did not consider such ventures were likely to be successful or useful in achieving wider revolutionary g... (From : Anarchy Archives.)

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