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...
Mr. Blodgett’s Explanation [Liberty, Aug. 4, 1888.] To the Editor of Liberty:(17 ¶ 1) I was honest in the questions I asked concerning the foundation on which Anarchism is aiming to build. I had thought considerably on the matter, and read in Liberty as it came in my way, and while the ideal was fair to look upon, it seemed to me one must have a loose method of reasoning to suppose its practical realization possible. I also found that those of my acquaintance who favored the idea reasoned from the standpoint of an imaginary, instead of a real, humanity, which left their arguments on the subject of no practical value.(17 ¶ 2)...
Fellow Laborers, Brothers, Sisters, of the Great Human Family: 'I APPEAR before you not as a silver tongued speaker to tickle your fancies, please your conceits, or to call forth your applause by lofty flights of oratory; but as a cool and deliberate sympathizer in your labors, sufferings, hopes and fears; as one who for years has studied to find out what the matter is in this favored land, that possesses all the elements of prosperity of all other countries in the world; that there can be at the same time creaking warehouses, burdened by the surplus products, and also millions starving. Mothers agonizing for their children who cry for bread they have not to give; fathers desperate and ready for almost anything that promises redress. I come... (From : RevoltLib.com.)