Necessity for a Standard of 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 the early 90's, the Galveston News had on its staff an exceptionally able and clear-thinking editorial writer. Liberty frequently reprinted his editorials. Concerning one on "The Functions of Money" Mr. Tucker wrote the following article for the News: I entirely sympathize with your disposal of the Evening Post's attempt to belittle the function of money as a medium of exchange; but do you go far enough when you content yourself with saying that a standard of value is highly desirable? Is it not absolutely necessary? Is money possible without it? If no standard is definitely adopted, and then if paper money is iss...
Free Money. [Liberty, December 13, 1884.] To the Editor of Liberty:(86 ¶ 1) The Picket Duty remarks of November 22 in regard to the importance of free money (with which I mainly agree) impel me to say a few words upon the subject. It is desirable, it seems to me, that Liberty should give its ideas upon that subject in a more systematic form than it has yet done . To be sure, it is easy for those who think to see that, if all laws in regard to money were abolished, commerce would readily provide its instruments of exchange. This might be promissory notes, or warehouse receipts, bills of lading, etc.; but, whatever it might be, the Anarchist could not doubt...