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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In this manner all unjust laws are established, and made operative against the rights of the people.
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 people are no more arrayed against themselves, when a jury puts its veto upon a statute, which the other tribunals have sanctioned, than they are when the same veto is exercised by the representatives, the senate, the executive, or the…
It would also be making them consent to what they regard as the destruction of their own rights.