Mr. Blodgett’s Final Question. [Liberty, April 28, 1888.] To the Editor of Liberty:(15 ¶ 1) I have one more question, and it does not occur to me now that I shall want to trouble you further in this way.(15 ¶ 2) You say: I do not believe in any inherent right of property. Property is a social convention.(15 ¶ 3) Now, does Anarchism recognize the propriety of compelling individuals to regard social conventionalities?(15 ¶ 4) S. Blodgett. Grahamville, Florida.
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.)