Usury

The phase of the

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The phase of the usury system which we are trying to analyze is more or less Patterson’s perception that the Bank of England could have benefit of all the interest on all the money that it creates out of nothing. … Now the American citizen can, of course, appeal to his constitution, which states that … Read more

The free-trade idea, logically

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The free-trade idea, logically applied, will abolish usury; and with usury will disappear the chief bone of contention between labor and capital. But, just at this point, free-traders go over to the enemy; and many writers on political economy, in flat contradiction of the essential principles of that science, have made elaborate arguments to prove … Read more

It will probably surprise

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It will probably surprise many who know nothing of Proudhon save his declaration that ‘property is robbery’ to learn that he was perhaps the most vigorous hater of Communism that ever lived on this planet. But the apparent inconsistency vanishes when you read his book and find that by property he means simply legally privileged … Read more

No economic activity was

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No economic activity was more irrepressible [in the 14th century] than the investment and lending at interest of money; it was the basis for the rise of the Western capitalist economy and the building of private fortunes-and it was based on the sin of usury. Barbara Tuchman

The money power preys

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The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.
Abraham Lincoln