Tu-Whit! Tu-Whoo! [Liberty, October 24, 1885.] To the editor of Liberty:(12 ¶ 1) Will you give direct and explicit answers to the following questions?(12 ¶ 2) I certainly will, wherever the questions are direct and explicit.(12 ¶ 3) Does Anarchism recognize the right of one individual or any number of individuals to determine what course of action is just or unjust for others?(12 ¶ 4) Yes, if by the word unjust is meant invasive; otherwise, no. Anarchis...
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.)