Fool Voters and Fool Editors. [Liberty, August 4, 1888.] Uncle Sam carries one hundred pounds of newspapers two thousand miles for two dollars, and still pays the railroad three times too much for mail service. An express company would charge twenty dollars for the same service; yet some people don’t know why all express stockholders are millionaires and the people getting poorer. In fact, some people don’t know anything at all and don’t want to. It is very unfortunate that such people have votes. —The Anti-Monopolist.(35 ¶ 1) Yes, Uncle Sam carries one hundred pounds of newspapers two thousand miles, not for two dollars, but for one dollar, pays the r...
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.)