No Treason · Chapter
XVII explained
The chapter argues that the national debt is illegitimate because it was contracted by a secret band of robbers and murderers (the government) without the consent of the people, and that the contracts are void as they were made for criminal
What happens
The chapter argues that the national debt is illegitimate because it was contracted by a secret band of robbers and murderers (the government) without the consent of the people, and that the contracts are void as they were made for criminal purposes and bind no one individually.
Themes in this chapter
Secret Government and Secret Ballot
The chapter emphasizes that the government is a secret band operating through secret ballots, making contracts in the dark without individual accountability.
Economic Exploitation and War Profiteering
The national debt is portrayed as a tool for future robberies and murders, with lenders knowingly relying on proceeds from crime.
Characters to notice
- Congress
Described as a few persons pretending to represent the people but actually representing a secret band of robbers and murderers.
- these men
The secret band of robbers and murderers who are the real principals in contracting the debts.
- a man
Implied as the individual citizen who never contracted to pay the national debt.
Key passages
“debts contracted in the name of 'the United States,' or of 'the people of the United States,' are of no validity.”
National debts are legally void because no individual ever consented to them.
Core argument that collective debt lacks individual consent.
“this secret band of robbers and murderers are really bankrupt. They have nothing to pay with.”
The government is insolvent and can only pay through future crimes.
Highlights the fraudulent nature of government finance.