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Essays on Political Economy by Frédéric Bastiat
page 20 of 212 (09%)
has been consumed for ever. But this is explained thus:--It will be
consumed in the service of Jerome. It will put it into the power of
Jerome to produce a superior value; and, consequently, Jerome will be
able to restore me a sack of corn, or the value of it, without having
suffered the slightest injury: but quite the contrary. And as regards
myself, this value ought to be my property, as long as I do not consume
it myself. If I had used it to clear my land, I should have received it
again in the form of a fine harvest. Instead of that, I lend it, and
shall recover it in the form of repayment.

"From the second clause, I gain another piece of information. At the end
of the year I shall be in possession of five litres of corn over the one
hundred that I have just lent. If, then, I were to continue to work by
the day, and to save part of my wages, as I have been doing, in the
course of time I should be able to lend two sacks of corn; then three;
then four; and when I should have gained a sufficient number to enable
me to live on these additions of five litres over and above each, I
shall be at liberty to take a little repose in my old age. But how is
this? In this case, shall I not be living at the expense of others? No,
certainly, for it has been proved that in lending I perform a service; I
complete the labour of my borrowers, and only deduct a trifling part of
the excess of production, due to my lendings and savings. It is a
marvellous thing that a man may thus realise a leisure which injures no
one, and for which he cannot be envied without injustice."



The House.


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