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" 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. "
John Buchanan Robinson
Own
Happiness
People
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" In precisely the same way money is often hired, and the hire paid for the use of it is called Interest. "
John Buchanan Robinson
Same
Paid
Money
" There is never enough gold to redeem all the currency in circulation. "
John Buchanan Robinson
Gold
Redeem
Never
" Not an old woman that buys a paper of pins, without yielding a part of the price to the banks as interest! "
John Buchanan Robinson
Old
Without
Pins
" However near and dear to you may be your wife, children, friends, they are not you; they are outside of you. "
John Buchanan Robinson
Wife
Children
You
" For each one of us stands alone in the midst of a universe. "
John Buchanan Robinson
Us
Each
Midst
" There is no word more generally misinterpreted than the word egoism, in its modern sense. "
John Buchanan Robinson
Egoism
Modern
More
" 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. "
John Buchanan Robinson
Security
Behind
Short
" The business of a bank is to lend money; which amounts, nowadays, to lending credit. "
John Buchanan Robinson
Business
Bank
Credit
" 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. "
John Buchanan Robinson
Want
Only
People
" 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. "
John Buchanan Robinson
Silver
Gold
Far
" Your thoughts and emotions are yours alone. "
John Buchanan Robinson
Thoughts
Your
Alone
" You are forever alone. "
John Buchanan Robinson
Forever
Alone
You
" There is no other who experiences your thoughts or your feelings. "
John Buchanan Robinson
Feelings
Experiences
Thoughts
" Modern money is almost altogether credit money. "
John Buchanan Robinson
Modern
Almost
Credit
" At present, financial crises occur, chiefly because the paper currency is redeemable in gold only. "
John Buchanan Robinson
Paper
Present
Only
" Capital, however capital may be defined, would practically cease to exist as an income producing fund, for the simple reason that if money, wherewith to buy capital, could be obtained for one-half of one per cent, capital itself could command no higher price. "
John Buchanan Robinson
Simple
Price
Money
" The Massachusetts Land Bank, during Colonial times, prospered, and brought prosperity to the community, until it was forcibly suppressed by special act of Parliament. "
John Buchanan Robinson
Community
Act
Bank
" In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism. "
John Buchanan Robinson
Egoism
Modern
Altruism
" 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. "
John Buchanan Robinson
Bank
Use
Way
" The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest. "
John Buchanan Robinson
Own
He
Interest
" 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. "
John Buchanan Robinson
Crime
Army
King
" Paper currency has hitherto been regarded with suspicion, as insecure. "
John Buchanan Robinson
Been
Suspicion
Currency
" 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. "
John Buchanan Robinson
Own
Realization
Individual
" 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. "
John Buchanan Robinson
Country
Wealth
Value