Interest, then, is not, it appears, payment for labour; it is not reward for risk; it is not reward for abstinence.
What is it?
One of two things it is;—taxation, or usury. Of which in my next letter. Meantime believe me
Faithfully yours,
[1] Sismondi: ‘History of Italian Republics,’ Vol. III., Chap. ii. [↑]
[2] “Saccone of Pietra-mala.” [↑]