Browsing Untitled By Tag : interest on money

Browsing By Tag "interest on money"

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Compulsory Education and Anarchism. [Liberty, September 3, 1892.] To the Editor of Liberty:(42 ¶ 1) While reading your lucid editorial on the above topic, some thoughts occurred to me which I venture to offer in the hope that they may serve to supplement what you have said in dealing with your scholastic friend’s well-put queries.(42 ¶ 2) I cannot help thinking that he had in mind a very un-Anarchistic condition of things when he formulated the questions. Why is compulsory education in vogue to-day? For whom is it intended? If society had been composed of well-to-do people having all the comforts, advantages, and opportun...


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.)

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