My agency in promoting the passage of the National Banking Act was the greatest mistake of my life. It has built up a monopoly which affects every interest in the country
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 self-government in finance, impossible! What shall we think of men who, having dethroned kings, demolished popes, destroyed slave oligarchies and assailed tariff monopoly, advise submission to the most oppressive and dishonest of despotisms, Usury?
Banking was conceived in iniquity and born in sin.
From the Anarchist standpoint, these artificial hindrances which are the cause of three main forms of usury-interest, profit, and rent, are, in the order of their importance, monopoly in the control of the circulating medium-money and credit, private property in land not based on occupancy and use, patent rights and copyrights, and tariffs.
We see the Jew, then, in business, as promoter, money-lender, salesman par excellence, the author and chief instigator of a system of credit by which a nation-wide usury rises like a Golem (a created monster) with a million hands on a million throats, to choke the honor and the freedom-of-movement of a hard-working people.
And who can suffer injury by just taxation, impartial laws and the application of the Jeffersonian doctrine of equal rights to all and special privileges to none? Only those whose accumulations are stained with dishonesty and whose immoral methods have given them a distorted view of business, society and government. Accumulating by conscious frauds more money than they can use upon themselves, wisely distribute or safely leave to their children, these denounce as public enemies all who question their methods or throw a light upon their crimes.
We want property, but property restored to its proper limits, that is to say, free distribution of the products of labour, property minus usury!
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 Congress shall have power to coin money or regulate the value thereof and of foreign coin. Such appeal is perhaps quixotic.
Very well then; emancipation from usury and money, that is, from practical, real Judaism, would constitute the emancipation of our time.
We handed the most important belongings of our people - the railroads and the banks - to aliens who 2000 years ago had turned the temple into a house of usury. Back then there was a man who had the bravery to drive out these scoundrels with a whip! If today a national socialist is seen with such a temple-whip, he's thrown into jail.
"The Jews should not be allowed to keep what they have obtained from others by usury; it were best that they were compelled to worked so that they could earn their living instead of doing nothing but becoming avaricious."
... a bad attitude, that the love of money is the root of all evil and the rich are evil and greedy and all that stuff. It’s basically socialism and communism.
But though Usury is in itself immoral, and justly condemned by every ethical code, its chief and worst defect in the particular case we are now examining, the growth of Capitalism and its increasing proletariat, is the centralization of irresponsible control over the lives of men: the putting power over the proletariat into the hands of a few who can direct the loans of currency and credit without which that proletariat could not be fed and clothed and maintained in work.
But this is not a world of free freights. One pays according to an iron schedule--for every strength the balanced weakness; for every high a corresponding low; for every fictitious god-like moment an equivalent time in reptilian slime. For every feat of telescoping long days and weeks of life into mad magnificent instants, one must pay with shortened life, and, oft-times, with savage usury added.
Extra interest signifies extra risk.
Pleasure never comes sincere to man; but lent by heaven upon hard usury.
Someone has to borrow every dollar we have in circulation, cash or credit.
People sometimes rationalize their greed by saying that it is all for the good of their children but this is nothing but an excuse they use to make their despicable actions appear respectable and praiseworthy.
Political freedom without economic freedom is almost worthless, and it is because the modern proletariat has the one kind of freedom without the other that its rebellion is now threatening the very structure of the modern world.
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 wealth or the power of usury, and not at all the possession by the labourer of his products.
Believe me when I tell you that thrift of time will repay you in after life, with a usury of profit beyond your most sanguine dreams; and that waste of it will make you dwindle, alike in intellectual and moral stature, beyond your darkest reckoning.
Why, when the economist gives advice to his society, is he so often cooly ignored? He never ceases to preach free trade, and protectionism is growing in the United States. He deplores the perverse effects of minimum wage laws, and the legal minimum is regularly raised each 3 or 5 years. He brands usury laws as a medieval superstition, but no state hurries to repeal its law.
Well, there's a Book that says we're all sinners and I at least chose a sin that's made quite a few people happier than they were before they met me, a sin that's left me with very little time to consider other extremely popular moral misdemeanors, like usury, intolerance, bearing false tales, extortion, racial bigotry, and the casting of that first stone.
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