Browsing By Tag "rate of discount"
State Socialism and Anarchism: How far they agree, and wherein they differ. 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. This essay, which is the clearest statement on the subject that has ever been produced, was written by Mr. Tucker in 1886, in response to an invitation from the editor of the North American Review to furnish him a paper on Anarchism. It was accepted, announced for publication, and was paid for; but it was never printed in that magazine, and, after numerous letters of inquiry had been sent, the manuscript was returned to the author, although the editor of the Review volunteered the declaration that it was the ablest article that he had received during his editorship. It appeared as the leading article in "Instead...
Ten Questions Briefly Answered. [Liberty, May 16, 1891.] Liberty is asked by the Mutual Bank Propaganda of Chicago to answer the following questions, and takes pleasure in complying with the request.(79 ¶ 1) 1. Does the prohibitory tax of ten percent imposed by Congress on any issue of paper money other than is issued by the U. S. Treasury limit the volume of money? If not, why not?(79 ¶ 2) Yes.(79 ¶ 3) 2. Whence did the State originally derive the right to dictate what the people should use as money?(79 ¶ 4)...
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a most humiliat... (From : Anarchy Archives.)