Browsing Untitled By Tag : bank of france

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Third Study. The Principle of Association. The Revolution of ’89 had the industrial order to build, after having made a clean sweep of the feudal order. By returning to political theories, it plunged us into economic chaos. In place of a natural order conceived in accordance with science and labor, we have a factitious order, in the shadow of which we have developed parasitic interests, abnormal morals, monstrous ambitions, prejudices at variance with common sense, which today all claim to be legitimate, invoking a tradition of sixty years, and, being unwilling either to abdicate or to modify their demands, place themselves in an antagonistic attitude toward one another, and in a reactionary attitude toward progress. As this state of affairs, of which the principle, the means and the end is War, is unable to answer the needs of an entirely industrial civilization, revolution is the necessary result. But, as everything in the...

Rule or Resistance—Which? [Liberty, December 26, 1891.] To the Editor of Liberty:(20 ¶ 1) Do you think that it is accurate to say, as Liberty has said recently, that Anarchism contemplates the use of police, jails, and other forms of force? Is it not rather that Anarchism contemplates that those who wish these means of protection shall pay for them themselves; while those who prefer other means shall only pay for what they want? (20 ¶ 2) Indeed, the whole teaching that it is expedient to use force against the invader, which, as you know, I have always had doubts about, seems to me to fall when Egois...


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.)

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