[What is Property? by P. J. Proudhon]@TWC D-Link book
What is Property?

PART SECOND
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Therefore the penal code--which much prefers intelligence to muscular vigor--has made, of the four varieties mentioned above, a second category, liable only to correctional, not to Ignominious, punishments.
Let them now accuse the law of being materialistic and atheistic.
We rob,--12.

By usury.
This species of robbery, so odious and so severely punished since the publication of the Gospel, is the connecting link between forbidden and authorized robbery.

Owing to its ambiguous nature, it has given rise to a multitude of contradictions in the laws and in morals,--contradictions which have been very cleverly turned to account by lawyers, financiers, and merchants.

Thus the usurer, who lends on mortgage at ten, twelve, and fifteen per cent., is heavily fined when detected; while the banker, who receives the same interest (not, it is true, upon a loan, but in the way of exchange or discount,--that is, of sale), is protected by royal privilege.

But the distinction between the banker and the usurer is a purely nominal one.


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