Browsing By Tag "interest on money"
The Philosopher of the Disembodied. [Liberty, June 8, 1889.] Connected with the Massachusetts branch of the National Woman Suffrage Association is a body of women calling itself the Boston Political Class, the object of which is the preparation of its members for the use of the ballot. On Thursday evening, May 30, this class was addressed in public by Dr. Wm. T. Harris, the Concord philosopher, on the subject of State Socialism, Anarchism, and free competition. Let me say, parenthetically, to these ladies that, if they really wish to learn how to use the ballot, they would do well to apply for instruction, not to Dr. Harris, but to ex-Supervisor Bill Simmons, or Johnny O’Brien of New York, or Senator Matthew Quay, or some leading Tammany brave, or any of the bosses w...
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.)