Theoretically, I repeat, all the material property in the country, that can be taken by law, and applied to the payment of debt can be used as banking capital; and be represented by promissory notes, made payable in coin on demand.
Spooner discusses the theoretical implications of using material property as banking capital.
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And yet these reasons, which are really no reasons at all, are the only ones, so far as I know, that have ever been offered for this absurd and brutal doctrine.
Juries would refuse to enforce a tax against a man who had never agreed to pay it.
They are every day committing errors, which would be crimes, but for their ignorance of the law.
Therefore all their laws, as they call them,--that is, all the laws of their own making,--have no color of authority or obligation.