Browsing By Tag "rate of discount"
Voluntary Cooperation a Remedy 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. Wordsworth Donisthorpe, of London, wrote a lengthy plaint in Liberty, setting forth his woes as a citizen beset with various difficulties. He wished to be informed if Anarchism could free him from those woes, whereupon Mr. Tucker tried to lead him to the light: The Anarchists never have claimed that liberty will bring perfection; they simply say that its results are vastly preferable to those that follow authority. Under liberty Mr. Donisthorpe may have to listen for some minutes every day to the barrel-organ (though I really think that it will never lodge him in the mad-house), but at least he will have the privilege of going to the music-hall...
Who is the Somebody? [Liberty, August 6, 1881.] Somebody gets the surplus wealth that labor produces and does not consume. Who is the Somebody? Such is the problem recently posited in the editorial columns of the New York Truth. Substantially the same question has been asked a great many times before, but, as might have been expected, this new form of putting it has created no small hubbub. Truth’s columns are full of it; other journals are taking it up; clubs are organizing to discuss it; the people are thinking about it; students are pondering over it. For it is a most momentous question. A correct answer to it is unquestionably the first step in the settlement of the appalling problem of poverty, intemperance, ignorance, and crime. Truth...
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.)