Browsing Untitled By Tag : rate of discount

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Liberty and Property 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. Mr. Hugo Bilgram of Philadelphia, author of "Involuntary Idleness" and "The Cause of Business Depressions," contributed an article to Liberty on "The Right of Ownership," in which he defined that right as "that relation between a thing and a person created by the social promise to guarantee possession"; and then propounded to the editor of Liberty the following question: "Has Anarchism a different conception of the right of ownership, or is this right altogether repudiated, or is it assumed that out of the ruins of government another social organization, wielding a supreme power, will arise?" Mr. Tucker replied: In discussing...

The Nature of the State [Liberty, October 22, 1887.] Below is reprinted from the London Jus the reply of F. W. Read to the editorial in No. 104 of Liberty, entitled Contract or Organism, What’s That to Us?.(5 ¶ 1) To the Editor of Jus:(5 ¶ 2) Sir,—Referring to Mr. Tucker’s criticisms on my letters in Jus dealing with Voluntary Taxation, the principle of a State organism seems to be at the bottom of th econtroversy. I will therefore deal with that first, although it comes last in Mr. Tucker’s article. Mr. Tucker asks whether the St...


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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