Government and Value. [Liberty, May 16, 1891.] 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 value is, as Mr. Fisher himself st...