The State Socialists and Henry George. [Liberty, September 24, 1887.] Just as I have more respect for the Roman Catholic Christian who believes in authority without qualification, than for the Protestant Christian who speaks in the name of liberty, but does not know the meaning of the word, so I have more respect for the State Socialist than for Henry George, and in the struggle between the two my sympathy is with the former. Nevertheless the State Socialists have only themselves to blame for the support they have hitherto extended to George, and the ridiculous figure that some of them now cut in their sackcloth and ashes is calculated to amuse. Burnette G. Haskell, for instance. In his Labor Enquirer, previous to the issue of August 20, he had been flying the following fla...
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.)