Note 185-1 — Chapter IV

Proudhon's idea, that this decline might at last bring about a total abolition of interest, is based on the same error as this other: that since a man may keep diminishing his per diem quantum of food, he might finally dispense with food altogether. Proudhon's Banque du Peuple—People's Bank—which, by gradually diminishing the interest on its loans to the minimum cost of its administration, should compel other capitalists to follow its example.