Browsing Untitled By Tag : rate of discount

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Anarchism and Crime 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. B. W. Ball wrote an article in the Index criticizing Anarchism without having familiarized himself with the groundwork of that philosophy. Hence the following reply: Mr. Ball's central argument against us, stated briefly, is this: Where crime exists, force must exist to repress it. Who denies it? Certainly not Liberty; certainly not the Anarchists. Anarchism is not a revival of nonresistance, though there may be non-resistants in its ranks. The direction of Mr. Ball's attack implies that we would let robbery, rape, and murder make havoc in the community without lifting a finger to stay their brutal, bloody work. On the contrary, we are t...

On Picket Duty. Bullion thinks that civilization consists in teaching men to govern themselves and then letting them do it. A very slight change suffices to make this stupid statement an entirely accurate one, after which it would read: Civilization consists in teaching men to govern themselves by letting them do it.—Liberty, August 20, 1881.(52 ¶ 1) People in general, and the governmental Socialists in particular, think they see a new argument in favor of their beloved State in the assistance which it is rendering to the suffering and starving victims of the Mississippi inundation. Well, such work is better than forging new chains to keep the people in subjection, we allow; but it is not worth the price that is paid for it. The people cannot afford to be enslav...


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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