Relations Between Parents and Children. [Liberty, September 3, 1892.] The wisdom of acts is measured by their consequences.(41 ¶ 1) The individual’s measure of consequences is proportionate to the circle of his outlook. His horizons may lie so near that he can only measure at short range. But, whether they be near or far, he can only judge of consequences as approximately or remotely touching himself. His judgment may err; his motive remains always the same, whether he be conscious of it or not.(41 ¶ 2) That motive is necessarily egoistic, since no one deliberately chooses misery when happiness is open to him. Acts always resulting either in...
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.)