In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.
From John Buchanan Robinson
But egoism is more than this. It is the realization by the individual that he is above all institutions and all formulas; that they exist only so far as he chooses to make them his own by accepting them.
There is no word more generally misinterpreted than the word egoism, in its modern sense.
Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!
When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.
The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest.
According to your sympathy, you will take pleasure in your own happiness or in the happiness of other people; but it is always your own happiness you seek.
Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows.
However near and dear to you may be your wife, children, friends, they are not you; they are outside of you.
There is no other who experiences your thoughts or your feelings.
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