John B. Robinson
At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
John B. RobinsonPaper currency has hitherto been regarded with suspicion, as insecure.
John B. RobinsonAccordingly, 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 B. RobinsonThere is no word more generally misinterpreted than the word egoism, in its modern sense.
John B. RobinsonYour thoughts and emotions are yours alone.
John B. RobinsonIn the past, when gold and silver were the only money, the hire of gold and silver was on the same footing as that of any other commodity.
John B. RobinsonHowever near and dear to you may be your wife, children, friends, they are not you; they are outside of you.
John B. RobinsonAll the ideals which men generally think are realities, you have learned to see through; you have learned that they are your ideals.
John B. RobinsonIt 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 B. RobinsonIt is often said by reformers that government should be conducted upon business principles.
John B. RobinsonAccording 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 B. RobinsonCapital, 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 B. RobinsonGold is used to a certain extent; but the great bulk of the money in use is not gold but promissory notes, called bank notes - paper money, in short.
John B. RobinsonIn brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.
John B. RobinsonFor each one of us stands alone in the midst of a universe.
John B. RobinsonBut the egoist has no ideals, for the knowledge that his ideals are only his ideals, frees him from their domination. He acts for his own interest, not for the interest of ideals.
John B. Robinson
