Browsing By Tag "interest on money"
Not a Decree, but a Prophecy. [Liberty, April 28, 1888.] Have I made a mistake in my Anarchism, or has the editor of Liberty himself tripped? At any rate, I must challenge the Anarchism of one sentence in his otherwise masterful paper upon State Socialism and Anarchism. If I am wrong, I stand open to conviction. It is this: They [Anarchists] look forward to a time … when the children born of these relations shall belong exclusively to the mothers until old enough to belong to themselves.(44 ¶ 1) Now, that looks to me like an authoritarian statement that is in opposition to theoretical Anarchy, and also to nature. What is the matter with leaving the question of the control...
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.)