Browsing By Tag "usury"
Liberty and Politics Excerpted from the book; Individual Liberty Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. Connected with the Massachusetts branch of the National Woman Suffrage Association is a body of women calling itself the Boston Political Class, the object of which is the preparation of its members for the use of the ballot. On May 30, 1889, this class was addressed in public by Dr. Wm. T. Harris, the Concord philosopher, on the subject of State Socialism, Anarchism, and free competition. Let me say, parenthetically, to these ladies that, if they really wish to learn how to use the ballot, they would do well to apply for instruction, not to Dr. Harris, but to ex-Supervisor Bill Simmons, or Johnny O'Brien of New York, or Senator Matthew Quay, or some leading Tammany brave, or any of the "bosses" who rul...
A Discussion, from an Individualist Correspondent
I shall endeavor in this communication to make as clear as possible the Anarchist view regarding Property. I may start by saying that an Anarchist is a consistent, an all round, Individualist, one who believes that the faith in the divine power of governments to save humanity is nothing but the crudest superstition, which our State Socialist friends ought to be ashamed to perpetuate in people's minds. The Anarchist contends that if the people cannot emancipate themselves then their case is hopeless, and further that their present misery is due to nothing else than the foolish delegation of functions to governing bodies which State Socialists would perpetuate and extend. An Anarchist is a democratic Individualist. He agrees with the Liberty ... (From : AnarchyArchives.)
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 Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a most humiliat... (From : Anarchy Archives.)
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.)
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 The Origin of Ground Rent I said before that in ancient times the landed proprietor, when neither he nor his family farmed his land, as was the case among the Romans in the early days of the Republic, cultivated it through his slaves: such was the general practice of patrician families. Then slavery and the soil were chained together; the farmer was called adscrpitus gleboe, joined to the land; property in men and things was undivided. The price of a farm depended upon its area and quality of its soil, upon the quantity of stock, and upon the number of slaves. When the emancipation... (From : Anarchy Archives.)
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 The Circulation of Capital, Not Capital Itself, Gives Birth to Progress Thus it is with interest on capital, legitimate when a loan was a service rendered by citizen to citizen, but which ceases to be so when society has acquired the power to organize credit gratuitously for everybody. This interest, I say, is contradictory in its nature, in that, on the one hand, the service rendered by the lender is entitled to remuneration, and that, on the other, all wages suppose either a production or a sacrifice, which is not the case with a loan. The revolution which is effected in the legi... (From : Anarchy Archives.)
Lysander Spooner, Poverty: Its Illegal Causes and Legal Cures. Boston: Bela Marsh, No. 25 Cornhill. 1846. CHAPTER 1: ILLEGAL CAUSES OF POVERTY The existing poverty would be rapidly removed, and future poverty almost entirely prevented, a more equal distribution of property than now exists accomplished, and the aggregate wealth of society greatly increased, if the principles of natural law, and of our national and state constitutions generally, were adhered to by the judiciary in their decisions in regard to contracts. These principles are violated by the judiciary in various ways, to wit: 1. In a manner to uphold arbitrary and unconstitutional statutes against freedom in banking, and freedom in the rate of interest; thus denying the natural and constitutional right of the people to make two classes of contracts, which will hereafter be shown to be of vital importance, both to the general increase and to the more equal di...
Saverio Merlino sees, according to us, the decomposition and agony of the anarchist movement in the conflict between the individualist and the organizers on the ground of immediate action and in the intimate contradiction particular to the two streams of thought: those, the organizers are not able to find a compatible organization with the anarchist principles: those, the individualists, miss the concept of retaliation which was the spirit of anarchist action. They cant find a better way to act and they are not able to sustain an organization that they deny. That these organizers cant find some form of organization compatible with the anarchist principles is perfectly natural and logical: and this, its ar... (From : Anarchy Archives.)
An Inquiry into the Principle of Right and of GovernmentPreface. The following letter served as a preface to the first edition of this memoir: — “To the Members of the Academy of Besançon. “PARIS, June 30, 1840. “GENTLEMEN, — In the course of your debate of the 9th of May, 1833, in regard to the triennial pension established by Madame Suard, you expressed the following wish: — “ ‘The Academy requests the titulary to present it annually, during the first fortnight in July, with a succinct and logical statement of the various studies which he has pursued during the year which has just expired.’ “I now propose, gentlemen, to discharge this duty. “When I solicited your votes, I boldly avowed my intention to bend my efforts to the discovery of some means of ameliorating the physical, moral, and intellectual condition of the mere numerous and poorer classes. This idea, foreign as it m...