In an age of materialism like our own the phenomenon of spiritual power is as significant and inspiring as it is rare. No longer associated with the “divine right” of kings, it has survived the downfall of feudal and theocratic systems as a mystic personal emanation in place of a coercive weapon of statecraft. Freed from its ancient shackles of dogma and despotism it eludes analysis. We know not how to gauge its effect on others, nor even upon ourselves. Like the wind, it permeates the atmosphere we breathe, and baffles while it stimulates the mind with its intangible but compelling force. This psychic power, which the dead weight of materialism is impotent to suppress, is revealed in the lives and writings of men of the most diverse creeds and nationalities. Apart from those who, like Buddha and Mahomet, have been raised to the height of demi-gods by worshiping millions, there are names which leap inevitably to the mind—such names as Savonarola,...
Free Banking 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 1889, Mr. Hugo Bilgram first published his "Involuntary Idleness," which Mr. Tucker characterized as the most important book of the generation. But, while admiring the author's examination of the relation between unemployment and interest on money, and while agreeing with his conclusion that "an expansion of the volume of money, by extending the issue of credit money, will prevent business stagnation and involuntary idleness," the editor of Liberty had one substantial disagreement with Mr. Bilgram, which he stated thus: When Mr. Bilgram proposes that the government shall carry on (and presumably monopolize, though this is not clearly stated) the business of issui...
An Inquiry into the Principle of Right and of GovernmentP. J. Proudhon: His Life and His Works. The correspondence of P. J. Proudhon, the first volumes of which we publish to-day, has been collected since his death by the faithful and intelligent labors of his daughter, aided by a few friends. It was incomplete when submitted to Sainte Beuve, but the portion with which the illustrious academician became acquainted was sufficient to allow him to estimate it as a whole with that soundness of judgment which characterized him as a literary critic. In an important work, which his habitual readers certainly have not forgotten, although death did not allow him to finish it, Sainte Beuve thus judges the correspondence of the great publicist: — “The letters of Proudhon, even outside the circle of his particular friends, will always be of value; we can always learn something from them, and here is the proper place to determine the general character of his correspondence. “It has alway...