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.)
Nettlau, Max . Panarchy, A Forgotten Idea of 1860. In Kurt Zube (Ed.), On the Topic No. 9. Germany: Mackay Gesellschaft PANARCHY. A Forgotten Idea of 1860 by Max Nettlau For a long time I have been fascinated by the thought how wonderful it would be if at last, in public opinion on the succession of political and social institutions, the fateful term "one after another" would be replaced through the very simple and self-evident "simultaneously." "Down with the State!" and "Only upon the ruins of the State. . ." express emotions and wishes of many but it seems that only the cool "Opt out of the State" (No. 2 of "The Socialist") can help them towards their realization. When a new scientific insight appears, then those convinced of it do simpl... (From : Anarchy Archives.)