L’État, C’Est L’Ennemi. [Liberty, February 26, 1887.] Dear Tucker:(28 ¶ 1) Since the occasion when you so arbitrarily side-tracked me in the editorial columns of Liberty,[7] certain notions of self-respect in connection with your attitude towards me have bid me pause whenever I attempted to state my present position, and wherein I feel that I have outgrown the partial methods by which you seek to deal with existing social maladjustments. I did send a communication to the Truth Seeker, but Macdonald, though he had just published your communication, chose to even out-do your side-tracking method of discipline by dumping...
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 A Loan is a Service On the one hand, it is very true, as you have unquestionably established, that a loan is a service. And as every service has a value, and, in consequence, is entitled by its nature to a reward, it follows that a loan ought to have its price, or, to use the technical phrase, ought to bear interest. But it is also true, and this truth is consistent with the preceding one, that he who tends, under the ordinary conditions of the professional lender, does not deprive himself, as you phrase it, of the capital which be lends. He lends it, on the contrary, precisely bec... (From : Anarchy Archives.)