On the record
These penal enactments and prohibitory taxation are acknowledgments that, but for them, the notes would be loaned to any extent that would be profitable to the lenders.
Said by
Lysander Spooner
Source
gutenberg.orgLysander Spooner: “These penal enactments and prohibitory taxation are acknowledgments that, but for them, the notes would be loaned to any…”
Editor's note · Context
Spooner suggests that prohibitory measures indicate a recognition of the potential profitability of loaning notes.
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More from Lysander Spooner
When two men meet one upon the highway, or in the wilderness, have they a right to dispose of his life, liberty, or property at their pleasure, simply because they are the more numerous party?
The presumption clearly is that all were eligible.
And nobody is bound to take the least notice of them, unless it be to trample them under foot, as usurpations.
The people considered their jurisprudence as a part of their inheritance.