[Sophisms of the Protectionists by Frederic Bastiat]@TWC D-Link book
Sophisms of the Protectionists

PART IV
12/67

Capital would be no longer formed, since there would be no interest in forming it.

It will become exceedingly scarce.

A singular step toward gratuitous loans! A singular means of improving the condition of borrowers, to make it impossible for them to borrow at any price! What would become of labor itself?
for there will be no money advanced, and not one single kind of labor can be mentioned, not even the chase, which can be pursued without money in hand.

And, as for ourselves, what would become of us?
What! we are not to be allowed to borrow, in order to work in the prime of life, nor to lend, that we may enjoy repose in its decline?
The law will rob us of the prospect of laying by a little property, because it will prevent us from gaining any advantage from it.

It will deprive us of all stimulus to save at the present time, and of all hope of repose for the future.
It is useless to exhaust ourselves with fatigue; we must abandon the idea of leaving our sons and daughters a little property, since modern science renders it useless, for we should become trafficers in men if we were to lend it on interest.


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