Browsing Untitled By Tag : compatible with equality

Browsing By Tag "compatible with equality"

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Apex or Basis. [Liberty, December 10, 1881.] Apex says that it is a barbarism to pay interest on money. That is another way of saying that a state of society in which wealth is not universalized is barbarous, since, in our present state of evolution, those who have no capital of their own will be glad to borrow from those who have, and to pay interest for the use of the capital.(62 ¶ 1) For it is really capital that is borrowed, and not money, the latter being only the means for obtaining the former, as money would be worthless if it could not be exchanged for the capital needed. We see already that, as the loanable capital of a country increases, the rate of interest diminishes, and when...

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