A Plea for Non-Resistance [Liberty, February 11, 1888.] To the Editor of Liberty:(18 ¶ 1) I must take exception to the teaching that the infliction of injury upon aggressors is compatible with the principle of equal liberty to all.(18 ¶ 2) First, with an argument which is no argument, yet which has its force to those who have observed the growth of new ideas in their own minds: how there comes first a revulsion against what is, then strong sentiment in favor of the opposite, and last only, and often not then until long after, perhaps never, comes the possibility of rational justification of the sentiment.(18 ¶ 3)...
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.)