John Buchanan Robinson

For each one of us stands alone in the midst of a universe.

Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!

The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest.

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.

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.

In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.

Modern money is almost altogether credit money.

Paper currency has hitherto been regarded with suspicion, as insecure.

There is never enough gold to redeem all the currency in circulation.

At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.

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.

Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.