Necessity for a Standard of Value 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 the early 90's, the Galveston News had on its staff an exceptionally able and clear-thinking editorial writer. Liberty frequently reprinted his editorials. Concerning one on "The Functions of Money" Mr. Tucker wrote the following article for the News: I entirely sympathize with your disposal of the Evening Post's attempt to belittle the function of money as a medium of exchange; but do you go far enough when you content yourself with saying that a standard of value is highly desirable? Is it not absolutely necessary? Is money possible without it? If no standard is definitely adopted, and then if paper money is iss...
Contract Or Organism, What’s That To Us? [Liberty, July 30, 1887.] Some very interesting and valuable discussion is going on in the London Jus concerning the question of compulsory versus voluntary taxation. In the issue of June 17 there is a communication from F. W. Read, in which the following passage occurs:(4 ¶ 1) The voluntary taxation proposal really means the dissolution of the State into its constituent atoms, and leaving them to recombine in some way or no way, just as it may happen. There would be nothing to prevent the existence of five or six States in England, and members of all these States might be living in the same house! The prop...