Accordingly, 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.

The egoist is fooled by no ideals: he discards them or uses them, as may suit his own interest.

There is no word more generally misinterpreted than the word egoism, in its modern sense.

In precisely the same way money is often hired, and the hire paid for the use of it is called Interest.

But egoism is more than this. It is the realization by the individual that he is above all institutions and all formulas; that they exist only so far as he chooses to make them his own by accepting them.

In brief, egoism in its modern interpretation, is the antithesis, not of altruism, but of idealism.

It is often said by reformers that government should be conducted upon business principles.