Browsing Untitled By Tag : rate of discount

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Liberty and Organization 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. Thirty-five years ago the Personal Rights Journal of London, at that time edited by J. H. Levy, was a valiant champion of what was then known as Individualism. This latter was practically Anarchism, but that fact was not realized by Levy, Wordsworth Donisthorpe and other contributors to the columns of the Journal, which led to discussions between those gentlemen and the editor of Liberty concerning Anarchism and organization, taxation, etc. Mr. Tucker's remarks are here set forth: Names aside, the thing that Individualism favors is organization to maintain the widest liberty equally for all citizens. Well, that is precisely what Anarchism fav...

Economic Hodge-Podge. [Liberty, October 8, 1887.] It will be remembered that, when a correspondent of the Standard signing Morris asked Henry George one or two awkward questions regarding interest, and George tried to answer him by a silly and forced distinction between interest considered as the increase of capital and interest considered as payment for the use of legal tender, John F. Kelly sent to the Standard a crushing reply to George, which the latter refused to print, and which subsequently appeared in No. 102 of Liberty. It may also be remembered that George’s rejection of Kelly’s article was grounded on the fact that since his own reply to Morris he had received several articles on the interest quest...


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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