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.)
Since the publication of this book Englishmen have for the first time the opportunity of learning the life and ideas, the sufferings and wrongs of the people of Russia. The voiceless, unknown masses of cultivators of the soil, 83 percent of the whole population, have hitherto been vaguely pictured in English minds as a herd of coarse and brutalized semi-barbarians. In Stepniak's book they start into vivid reality as a nation of lovable and social human beings. Nay more, they appear before us as men whose social and personal development is in some directions wider than our own, men who bear a message of enlargement to the Teutons and Kelts of Western Europe. In his previous works Stepniak has shown the English public how the Russian governme... (From : AnarchyArchives.)