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.
In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.
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.
However near and dear to you may be your wife, children, friends, they are not you; they are outside of you.
There is no word more generally misinterpreted than the word egoism, in its modern sense.
The business of a bank is to lend money; which amounts, nowadays, to lending credit.
There is no other who experiences your thoughts or your feelings.
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.
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.
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.
You are forever alone.
Your thoughts and emotions are yours alone.
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.
The Massachusetts Land Bank, during Colonial times, prospered, and brought prosperity to the community, until it was forcibly suppressed by special act of Parliament.
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