So a miser is a beneficent power in a community, is he?
With the same reason precisely, only in a much higher degree,
you might pronounce the Wall Street sharp to be a good angel,
who takes money from heedless persons not likely to guard it
properly, who wrecks feeble enterprises better stopped, and
who administers wholesome lessons to unwary scientific men,
by passing worthless checks upon them -- as you did, the other
day, to me, my millionaire Master in glomery, when you thought
you saw your way to using my process without paying for it, and of
so bequeathing to your children something to boast about of their
father -- and who by a thousand wiles puts money at the service of
intelligent greed, in his own person. Bernard Mandeville, in his
Fable of the Bees, maintains that private vices of all descriptions
are public benefits, and proves it, too, quite as cogently as the
economist proves his point concerning the miser. He even argues, with
no slight force, that but for vice civilization would never have existed.
In the same spirit, it has been strongly maintained and is today widely
believed that all acts of charity and benevolence, private and public,
go seriously to degrade the human race.

Charles S. Peirce, "Evolutionary Love",
'The Monist', vol. 3, pp. 176-200 (1893)

http://www.cspeirce.com/menu/library/bycsp/evolove/evolove.htm

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