Browsing By Tag "interest on money"
Anarchy and Rape. [Liberty, March 10, 1888.] With a plentiful sprinkling of full-face Gothic exclamation points and a series of hysterical shrieks, the Journal of United Labor, organ of pious Powderly and pure Litchman, rushes upon Liberty with the inquiry whether Anarchy asks liberty to ruin little girls. Liberty is thus questioned simply because it characterized those who petitioned the Massachusetts legislature for a further raise of the age of consent to sixteen as a bevy of impertinent and prudish women. The answer shall be direct and explicit. Anarchy does not ask liberty to ruin little girls, but it does ask liberty of sexual association with girls already several years past the age of womanhood, equipped by natur...
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.)