New Abolition and its Nine Demands. [Liberty, January 25, 1890.] The New Abolition Party, nominally of the United States, but really limited at present (pending by the time when it is to sweep the country like a wave) by the walls of the Individualist office at Denver, started out with eight demands; and, taken as a whole, very good demands they were. Lately it has added a ninth; just why, I don’t know, unless New Abolition was jealous of Liberalism and bound to have as many demands. This explanation seems hardly reasonable, because in the case of Liberalism nine does not seem to have proved a magic number for demand purposes. However this may be, it is certain that the ninth demand is a square contradiction of some of the most important of its eight other demands, no...
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.)