John Buchanan Robinson
John Buchanan Robinson
John Buchanan Robinsonwas a Republican member of the U.S. House of Representatives from Pennsylvania...
NationalityAmerican
ProfessionPolitician
Date of Birth23 May 1846
CountryUnited States of America
interest domination ideals
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.
modern egoism misinterpreted
There is no word more generally misinterpreted than the word egoism, in its modern sense.
may suits use
The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest.
gold enough currency
There is never enough gold to redeem all the currency in circulation.
paper pins interest
Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest!
insecure paper currency
Paper currency has hitherto been regarded with suspicion, as insecure.
realization individual accepting
But egoism is more than this. It is the realization by the individual that he is above all institutions and all formulas; that they exist only so far as he chooses to make them his own by accepting them.
gold paper financial
At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
running gold panic
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.
gold use silver
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.
credit modern
Modern money is almost altogether credit money.
kings army people
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.
buy capital cease command exist higher however income itself obtained per producing
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.