What type of loans did Proudhon’s proposed bank intend to offer?
High-interest loans
Secured loans
Unsecured loans
Interest-free loans
Answer
The proposed bank of Pierre-Joseph Proudhon would provide interest-free loans, eliminating the burden of interest payments that individuals commonly face. This unique approach aimed to create a fairer financial system, promoting equal opportunities and access to credit without incurring additional costs.
Mastermind of Anarchy: The Pierre-Joseph Proudhon Challenge
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