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.
Economic Hodge-Podge. [Liberty, October 8, 1887.] It will be remembered that, when a correspondent of the Standard signing Morris asked Henry George one or two awkward questions regarding interest, and George tried to answer him by a silly and forced distinction between interest considered as the increase of capital and interest considered as payment for the use of legal tender, John F. Kelly sent to the Standard a crushing reply to George, which the latter refused to print, and which subsequently appeared in No. 102 of Liberty. It may also be remembered that George’s rejection of Kelly’s article was grounded on the fact that since his own reply to Morris he had received several articles on the interest quest...
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.)