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If "free competition in banking were allowed, the rate of interest would be brought very low, and bank loans would be within the reach of everybody." [ Poverty: Its Illegal Causes and Legal Cure , p. 35, p. 11 and p. 15] This is a wonderfully self-contradictory analysis, with Spooner suggesting that industrial capitalists are both the only wealthy people around and, at the same time, sponge money off the rich who have more money than them!