The Redemption of Paper Money Excerpted from the book; Individual Liberty: Selections From the Writings of Benjamin R. Tucker Vanguard Press, New York, 1926 Kraus Reprint Co., Millwood, NY, 1973. In a paper entitled "Banking and the State," read before the Single Tax Club of Chicago, Mr. A. W. Wright took the position, which he considered of the greatest importance, that paper money must always be subject to immediate redemption, the sole reason assigned for that contention being that nothing but public confidence can make paper money possible. The editor of Liberty took issue with him on that point: It remains to be proved that immediate redemption is essential to public confidence. It is, of course, true that certainty of ultimate redemption is such an essential. But this is the most that can be claimed. A run on a bank o...
No Place for a Promise. [Liberty, November 12, 1892.] A Promise, according to the common acceptation of the term, is a binding declaration made by one person to another to do, or not to do, a certain act at some future time. According to this definition, there can, I think, be no place for a promise in a harmonious progressive world. Promises and progress are incompatible, unless all the parties are, at all times, as free to break them as they were to make them; and this admission eliminates the binding element, and, therefore, destroys the popular meaning of a promise.(51 ¶ 1) In a progressive world we know more to-morrow than we know to-day. Also harmony implies absence of...
PIONEERS OF AMERICAN FREEDOM ORIGIN OF LIBERAL AND RADICAL THOUGHT IN AMERICA BY RUDOLF ROCKER Translated from the German by Arthur E. Briggs ROCKER PUBLICATIONS COMMITTEE (A Non-Profit Organization) 2101 south gramercy place los angeles 7, california copyright, 1949, by rudolf rocker All rights reserved—no part of this book may be reproduced in any form without permission in writing from the publisher, except by a reviewer who wishes to quote brief passages in a review to be printed in a magazine or newspaper. PRINTED IN THE UNITED STATES OF AMERICA BY J. J. LITTLE & IVES COMPANY, NEW YORK Introduction xiii PART ONE american liberals Thomas Paine I Thomas Jefferson 12 Ralph Waldo Emerson and Henry D. Thoreau 20 William Lloyd Garr... (From : AgainstAllAuthority.org, Formatting by RevoltLib.c....)