Browsing Untitled By Tag : bank of france

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In every revolutionary history three things are to be observed: The preceding state of affairs, which the revolution aims at overthrowing, and which becomes counter-revolution through its desire to maintain its existence. The various parties which take different views of the revolution, according to their prejudices and interests, yet are compelled to embrace it and to use it for their advantage. The revolution itself, which constitutes the solution. The parliamentary, philosophical, and dramatic history of the Revolution of 1848 can already furnish material for volumes. I shall confine myself to discussing disinterestedly certain questions which may illuminate our present knowledge. What I shall say will suffice, I hope, to explain the progress of the Revolution of the Nineteenth Century, and to enable us to conjecture its future. This is not a statement of facts: it is a speculative plan, an intellectual picture of the Revolution.

L’État Est Mort; Vive L’État! [Liberty, May 24, 1890.] To the Editor of Liberty:(26 ¶ 1) Hooks-and-eyes are very useful. Hooks are useless; eyes are useless. Yet in combination they are useful. This is cooperation. Where you have division of labor and consequent differentiation of function and, eventually, of structure, there is cooperation. Certain tribes of ants have working members and fighting members. The military caste are unable to collect food, which is provided for them by the other members of the community, in return for which they devote themselves to the defense of the whole society. But for these soldiers the society would perish. If either class peris...


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 Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a most humiliat... (From : Anarchy Archives.)

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