Daylight savings

Online Library of Liberty - XV: OF l'.ÉPARGNE - complete Works of Frederic Bastiat, vol. XV: OF l'.ÉPARGNE - complete Works of Frederic Bastiat, flight. Complete works of Frederic Bastiat, flight. Complete works of Frederic Bastiat, flight. Works complete of Frederic Bastiat, put in order, reviews and annotated according to the manuscripts of the author. Author: Frederic Bastiat complete Works of Frederic Bastiat, 7 flights. is has private, educational foundation established to encourages the study of the ideal of has society of free and responsible individuals. The text is in the public domain. This material is could online to further the educational goals of Liberty Fund, Inc Unless otherwise stated in the Copyright Information section above, this material may Be used freely for educational and academic purposes. It may not Be used in any way for profit. XVII: Private services, Public utility To save, it is not to accumulate game districts, corn grains or coins. This material accumulation of fungible objects, restricted by its nature with extremely narrow terminals, represents the saving only for the isolated man. To save, it is to voluntarily put an interval between the moment when one renders services to the company and that where one withdraws equivalent services from them. In this case, it gave itself faculty to withdraw social background, in its old age, when it cannot work any more, the payment of the quarter of all its forty years work. The circumstance which it received and successively accumulated from the titles of recognition, consistent in, bill bill of exchanges with order, bill of bank, currency, is completely secondary and of form. It has report/ratio only with the means of execution. It cannot change nature nor the effects of the saving the illusion which makes us the currency in this respect is not less one illusion, although we all is almost easily deceived it is as of the fast multiplication of the capital as the request on the arms, the rise in the wages and consequently progress depend towards the equality. But, in addition, to save is not this the opposite to spend, and if that which expenditure causes and activates work, that which saves does not make it the opposite. - If each one began to save as much as possible, one would see work languishing in proportion, and it would entirely stop if the saving could be integral. What is thus necessary it to advise with the men. And which unquestionable base the political economy offers it to morals, whereas we see any leaving only this contradictory and disastrous alternative:. The services are exchanged against the services. The value is the appreciation of two compared services. However in what that which abstains from withdrawing social background a service to which it has right makes it wrong to the company or harms it work. I will not withdraw the value which is due for me only in one year, when I could require it immediately. During this interval, work continues to be carried out, the services to be exchanged as if I did not exist. On the contrary, I added a satisfaction to those of my similar, and they enjoy it free during a year. Free is not the word, because it is necessary to complete to describe the phenomenon. The lapse of time which separates the two exchanged services is itself matter with transaction as with exchange, because it has a value. Indeed, a man renders a service current. Its will is to receive only in ten years the equivalent service. Here is a value of which it refuses the immediate pleasure. However the character of the value, it is to be able to affect all the possible forms. With a determined value, one is s?r to obtain any conceivable service of an equal value, either unproductive, or productive. That which defers at ten years the re-entry of a credit, thus does not defer only one pleasure. it defers the possibility of a production it is for that that it will meet in the world of the men willing to treat EC adjournment one of them will say to our treasurer: "You have right to receive a value immediately, and it is advisable to you to receive it that in ten years during these ten years substitute me for your right, put to me at your place and places. I will touch for you the value of which you are creditor. I will employ it during ten years in a productive form, and will restore it to you at the limit. It is the value of this temporary transfer of saved values which one names interest. By the same reason that a third can wish that one yields to him, subject to payment, the pleasure of a saved value, the originating debtor can also request the same transaction. In one and the other case, that is invited to require credit. I add that this accumulation is incredible, exceptional, abnormal, since it wounds the personal interest of those which would like to practise it. Between the hands of a man, the ecus mean: "That which has us rendered services to the company and was not paid by it. The company gave us between its hands to be used to him as title. We are at the same time a recognition, a promise and a guarantee. The day when he will want, he will be able, by exhibant us and restoring, to withdraw social background the services of which he is creditor. However this man is not in a hurry. Not, since, we saw it, the lapse of time which separates two exchanged services becomes itself matter with transaction. - the saving thus does not imply in any way material accumulation. That the moralists are not stopped any more by this consideration. is Free Software released under the GNU/GPL License.