Monthly Archives: February 2012

With Usura

“And just so you don’t continually misunderstand, usury and interest are not the same thing. Usury is a charge made for the use of money regardless of production, and often regardless even of the possibilities of production.”

— Closing Remark, Canto LXV

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The Founders

“It is probable that I could pick one crow a week with the American university system ‘for the rest of my natural,’ but two immediate crows are quite obvious, one with the modus of teaching history omitting the most significant documents, and second the mode of teaching literature and/or ‘American literature,’ omitting the most significant documents, and assuming that the life of a nation’s letters is restricted mostly to second-rate fiction.

“From 1760 to 1826 two civilized men lived and to a considerable extent reigned in America. They did not feel themselves isolated phenomena. They were not by any means shrunk into a clique or dependent on mutual admiration, or on clique estimation. They both wrote an excellent prose which has not, so far as I know been surpassed in our father-land, though Henry James had a style of his own (narrative) which was fit for a different purpose.”

–THE JEFFERSON-ADAMS LETTERS AS A SHRINE AND A MONUMENT, 1937

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Government

“There are two parts of govt., the real (which is economics) and the eyewash, bureaucracy, passports, laws interfering with personal habits, designed mainly to raise dust and keep populace from thinking about economics.”

–Letter to Senator S.S. Brookhart, 1931

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Labor

“[Economic] Liberalism and Bolshevism are in intimate agreement in their fundamental contempt for the human personality. Stalin ‘disposes’ of forty truckloads of human ‘material’ for work on a canal. We find the [economic] liberals talking about the export of ‘labour.'”

–Oro e Lavoro (Gold and Work), 1944

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Money

“The state has credit.
Distribution is effected by little pieces of paper.
If you don’t watch these, you will be slaves.  If you don’t know how they are made; who makes them; who controls them; you will be diddled out of your livings, as millions of dead men have been diddled, and as millions of live ones are being. The sword can ‘protect the furrow,’…etc…against foreign invasion, but not against the usurer’s cunning.  Against usury it has availed never at all.”

–AN IMPACT, 1935

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Definition of Words

“Thought hinges on definition of words.  Aristotle and Confucius bear witness.  I would conclude the compulsory studies of every university student with a comparison, even a brief one, between the two major works of Aristotle (Nichomachean Ethics and Politics), on the one hand, and, on the other hand, the Four Books of China (i.e., the three classics of the Confucian tradition–the Great Digest, The Unwobbling Pivot, and the Analects–together with the Works of Mencius).

“Anyone who is familiar with the masterpieces, especially those of Aristotle, Confucius, Demosthenes, together with Tacitus, will not be taken in by the nasty messes now offered to the public.”

–THE ENEMY IS IGNORANCE, 1944

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History

“History, as seen by a monetary economist, is a continuous struggle between producers and those who try to make a living by inserting a false system of book-keeping between the producers and their just recompense.”

–An Introduction to the Economic Nature of the United States, 1944

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