Browsing Untitled By Tag : bank of france

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General Idea of the Revolution in the Nineteenth Century by Pierre-Joseph Proudhon « First Study. Reaction Causes Revolution. | Contents | Third Study. The Principle of Association. » Second Study. Is there Sufficient Reason for Revolution in the Nineteenth Century? 1. Law of Tendency in Society. — The Revolution of 1789 has done only half its work. A revolution is an act of sovereign justice, in the order of moral facts, springing out of the necessity of things, and in consequence carrying with it its own justification; and which it is a crime for the statesman to oppose it. That is the proposition which we have established in our first study. Now the question is to discover whether the idea which stands out as the formula of the revolution is not chimerical; whether its object is real; whether a fancy or p...

Our Purpose.[3] [Liberty, August 6, 1881.] Liberty enters the field of journalism to speak for herself because she finds no one willing to speak for her. She hears no voice that always champions her; she knows no pen that always writes in her defense; she sees no hand that is always lifted to avenge her wrongs or vindicate her rights. Many claim to speak in her name, but few really understand her. Still fewer have the courage and the opportunity to consistently fight for her. Her battle, then, is her own to wage and win. She accepts it fearlessly and with a determined spirit.(3 ¶ 1) Her foe, Authority, takes many shapes, but, broadly speaking, her enemies divide themselves into three classes:...


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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