The Abolition of Interest Excerpted from the book; Individual Liberty Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. To-day, a weekly newspaper published in Boston in 1890, printed an editorial on the subject of interest which contained so many vulnerable points that the editor of Liberty was moved to criticize it. After pointing out the errors and fallacies in the editorial, he proceeded: The modern opponents of interest are perfectly willing to consider facts tending to refute their position, but no facts can have such a tendency unless they belong to one of two classes: first, facts showing that interest has generally (not sporadically) existed in a community in whose economy money was as important a factor as it is with us today and in whose laws there was no restriction...
I. We seek understanding of facts for guidance in action, for avoidance of mistake and suffering, and even for resignation to the inevitable. This statement may cover the chief aims of mankind in intellectual discussion, ignoring now that which is merely a scholastic exercise. I am not in favor of argument in the style of the debating tarnished by a practice of which easily generates an evil habit, and there are, at least as yet, too many occasion in real life on which every person who loves to tell the truth and expose falsehood must consider time and circumstance lest he impale himself upon implacable prejudices. Consequently if duplicity have its uses there need be no fear that it will not be cultivated without concerted efforts thereto ... (From : Anarchy Archives.)
PREFACE The following narrative is intended to answer a purpose, more general and important than immediately appears upon the face of it. The question now afloat in the world respecting THINGS AS THEY ARE, is the most interesting that can be presented to the human mind. While one party pleads for reformation and change, the other extols, m the warmest terms, the existing constitution of society. It seemed as if something would be gained for the decision of this question, if that constitution were faithfully developed in its practical effects. What is now presented to the public, is no refined and abstract speculation; it is a study and delineation of things passing in the moral world. It is but of late that the inestimable importance of political principles has been adequately apprehended. It is now known to philosophers, that the spirit and character of the government intrudes itself into every rank of society. But this is a truth, highly worthy to be c...