Ideas that Have Harmed Mankind from "Unpopular Essays" by Bertrand Russell . The misfortunes of human beings may be divided into two classes: First, those inflicted by the non-human environment and, second, those inflicted by other people. As mankind have progressed in knowledge and technique, the second class has become a continually increasing percentage of the total. In old times, famine, for example, was due to natural causes, and although people did their best to combat it, large numbers of them died of starvation. At the present moment large parts of the world are faced with the threat of famine, but although natural causes have contributed to the situation, the principal causes are human. For six years the civilized nations of the wo... (From : http://www.geocities.com/Athens/Oracle/2528/br_ide....)
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...