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...
Rights and Duties Under Anarchy. [Liberty, December 31, 1887.] Old readers of this paper will remember the appearance in its columns, about two years ago, of a series of questions propounded by the writer of the following letter and accompanied by editorial answers. To-day my interrogator questions me further; this time, however, no longer as a confident combatant, but as an earnest inquirer. As I replied to him then according to his pugnacity, so I reply to him now according to his friendliness.(13 ¶ 1) To the Editor of Liberty:(13 ¶ 2) Will you please insert the following questions in your paper with your answers theret...