Preface Instead of a book! I hear the reader exclaim, as he picks up this volume and glances at its title; why, it is is a book. To all appearance, yes; essentially, no. It is, to be sure, an assemblage within a cover of printed sheets consecutively numbered; but this alone does not constitute a book. A book, properly speaking, is first of all a thing of unity and symmetry, of order and finish; it is a literary structure, each part of which is subordinated to the whole and created for it. To satisfy such a standard this volume does not pretend; it is not a structure, but an afterthought, a more or less coherent arrangement, each part of which was created almost without reference to any other. Yet not quite so, after all; otherwise even the smallest degree of coherence were scarcely possible.(Preface ¶ 1)...
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.)