The Moral of Mr. Donisthorpe’s Woes [Liberty, January 25, 1890.] The reader of Mr. Donisthorpe’s article in this issue on The Woes of an Anarchist may rise from its perusal with a feeling of confusion equal to that manifested by the author, but at least he will say to himself that for genuine humor he has seldom read anything that equals it. For myself I have read it twice in manuscript and twice in proof, and still wish that I might prolong my life by the laughter that four more readings would be sure to excite. Mr. Donisthorpe ought to write a novel. But when he asks Liberty to comment on his woes and dissipate the fog he condenses around himself, I am at a loss to know how to answer him. For what is the moral of this article, in which a da...
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.)