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
John Buchanan Robinson quotes about
charge interest members notes universal
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.
buy commodity commonly instead longer paid people purchasing
Sometimes, instead of purchasing a commodity out and out, people want to buy only the use of it, for a longer or shorter period. The price paid for such temporary use is commonly called hire.
credit modern
Modern money is almost altogether credit money.
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.
gold paper financial
At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
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.
insecure paper currency
Paper currency has hitherto been regarded with suspicion, as insecure.
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!
gold enough currency
There is never enough gold to redeem all the currency in circulation.
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 idealism-and-realism interpretation
In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.
way use interest
In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.
sympathy people pleasure
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.
children wife may
However near and dear to you may be your wife, children, friends, they are not you; they are outside of you.