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Principles of Political Economy, Vol. 2

Note 189-1 — Chapter IV

John J. (John Joseph) Lalor translation

The Greeks very appropriately call interest τόκος,[TN 23] i. e., that which is born. In the loaning of capital productively invested, the creditor, in the interest received, consumes the real produce of his property. If the debtor has consumed the property unproductively, the creditor indeed lives on the debtor's other returns or supplies; which, however, without his intervention would probably have been consumed by their owner.

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