Browsing Untitled By Tag : rate of discount

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The Futility of the Ballot 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. No superstition was so tirelessly and so mercilessly attacked by the editor of Liberty as that of the ballot. To those who defended it and advocated it as a means of securing liberty he was always ready with a biting answer. Here are some samples of such: General Butler's long-expected letter [in acceptance of the nomination for the presidency given him by the labor party] is out at last. The question now is how many it will hoodwink. Among these at least will not be Liberty. Would that as much could be asserted of all who think they believe in Liberty. But the political habit is a clinging one; the fasci-nations of polit...

Mr. Levy’s Maximum [Liberty, November 1, 1890.] Whatever else Anarchism may mean, it means that State coercion of peaceable citizens, into cooperation in restraining the activity of Bill Sikes, is to be condemned and ought to be abolished. Anarchism implies the right of an individual to stand aside and see a man murdered or a woman raped. It implies the right of the would-be passive accomplice of aggression to escape all coercion. It is true the Anarchist may voluntarily cooperate to check aggression; but also he may not. Quâ Anarchist, he is within his right in withholding such cooperation, in leaving others to bear the burden of resistance to aggression, or in leaving the aggressor to triumph unchecked. Individualism, on the other hand, would not onl...


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.)

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