In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.
From John Buchanan Robinson
Modern money is almost altogether credit money.
In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community.
Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price.
There is never enough gold to redeem all the currency in circulation.
Paper currency has hitherto been regarded with suspicion, as insecure.
5 perspectives
4 perspectives
3 perspectives
2 perspectives
1 perspectives