On Tue, Dec 01, 2009 at 09:06:23PM -0800, Eubulides wrote:
> michael perelman wrote:
>
>> "To restrain private people, it may be said, from receiving in payment
>> the promissory notes of a banker for any sum, whether great or small,
>> when they themselves are willing to receive them; or, to restrain a
>> banker from issuing such notes, when all his neighbours are willing to
>> accept of them, is a manifest violation of that natural liberty, which
>> it is the proper business of law not to infringe, but to support. Such
>> regulations may, no doubt, be considered as in some respects a
>> violation of natural liberty. But those exertions of the natural
>> liberty of a few individuals, which might endanger the security of the
>> whole society, are, and ought to be, restrained by the laws of all
>> governments; of the most free, as well as of the most despotical. The
>> obligation of building party walls, in order to prevent the
>> communication of fire, is a violation of natural liberty, exactly of
>> the same kind with the regulations of the banking trade which are here
>> proposed."
>
> =============
>
> What is natural liberty?
>
> What are private people?
>
>
> ___________________________________
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com