Browsing By Tag "rate of discount"
Liberty and Prohibition 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. Lucian V. Pinney, a protectionist and a greenbacker - but an anti-prohibitionist - made the following statement in his paper, the Winsted (Conn.) Press: "There is nothing any better than Liberty and nothing any worse than despotism, be it theological despotism of the skies, the theocratic despotism of kings, or the democratic despotism of majorities; and the labor reformer who starts out to combat the despotism of capitalism with other despotism no better lacks only power to be worse than the foe he encounters." Mr. Tucker then took him to task for his inconsistency: Mr. Pinney is a man who combats the despotism of capital with that despotism wh...
A Case Where Discussion Convinced. [Liberty, February 11, 1887.] One word as to boycotting itself. Jus was some weeks ago taken to task by the Boston Liberty for incorrectly defining the term. The line of distinction, says Liberty, does not run in the direction which Jus tries to give it. Its course does not lie between the second person and a third person, but between the threats of invasion and the threats of ostracism by which either the second or a third person is coerced or induced. All boycotting, no matter of what person, consists either in the utterance of a threat or its execution. A man has a right to threaten what he has a right to execute. The boundary-line of justifiable boycotting is fixed b...
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.)