At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
It is often said by reformers that government should be conducted upon business principles.
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.
In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.
In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.
However near and dear to you may be your wife, children, friends, they are not you; they are outside of you.
For each one of us stands alone in the midst of a universe.
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.
It was the king's army, the king's people, the king's taxes; and he who questioned the propriety of the royal prerogative of taking from his people without return or accounting, was reckoned, and felt himself to be, a criminal, guilty of the highest crime of disloyalty.
Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!
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.
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.
But the egoist has no ideals, for the knowledge that his ideals are only his ideals, frees him from their domination. He acts for his own interest, not for the interest of ideals.
The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest.
Your thoughts and emotions are yours alone.