Government and 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 a letter to the London Herald of Anarchy, Mr. J. Greevz Fisher asserts that "government does not, and never can, fix the value of gold or any other commodity," and cannot even affect such value except by the slight additional demand which it creates as a consumer. It is true that government cannot fix the value of a commodity, because its influence is but one of several factors that combine to govern value. But its power to affect value is out of all proportion to the extent of its consumption. Government's consumption of commodities is an almost infinitesimal influence upon value in comparison with its prohibitory power. One of the chief factors in the constitution of va...
A Case Where Discussion Convinced. [Liberty, February 11, 1887.] One word as to boycotting itself. Jus was some weeks ago taken to task by the Boston Liberty for incorrectly defining the term. The line of distinction, says Liberty, does not run in the direction which Jus tries to give it. Its course does not lie between the second person and a third person, but between the threats of invasion and the threats of ostracism by which either the second or a third person is coerced or induced. All boycotting, no matter of what person, consists either in the utterance of a threat or its execution. A man has a right to threaten what he has a right to execute. The boundary-line of justifiable boycotting is fixed b...