Free Banking 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. In 1889, Mr. Hugo Bilgram first published his "Involuntary Idleness," which Mr. Tucker characterized as the most important book of the generation. But, while admiring the author's examination of the relation between unemployment and interest on money, and while agreeing with his conclusion that "an expansion of the volume of money, by extending the issue of credit money, will prevent business stagnation and involuntary idleness," the editor of Liberty had one substantial disagreement with Mr. Bilgram, which he stated thus: When Mr. Bilgram proposes that the government shall carry on (and presumably monopolize, though this is not clearly stated) the business of issui...
I. We seek understanding of facts for guidance in action, for avoidance of mistake and suffering, and even for resignation to the inevitable. This statement may cover the chief aims of mankind in intellectual discussion, ignoring now that which is merely a scholastic exercise. I am not in favor of argument in the style of the debating tarnished by a practice of which easily generates an evil habit, and there are, at least as yet, too many occasion in real life on which every person who loves to tell the truth and expose falsehood must consider time and circumstance lest he impale himself upon implacable prejudices. Consequently if duplicity have its uses there need be no fear that it will not be cultivated without concerted efforts thereto ... (From : Anarchy Archives.)
THE ADVENTURES OF CALEB WILLIAMS OR THINGS AS THEY ARE BY WILLIAM GODWIN CHAPTER TWO Among the favorite authors of his early years were the heroic poets of Italy. From them he imbibed the love of chivalry and romance. He had too much good sense to regret the times of Charlemagne and Arthur. But while his imagination was purged by a certain infusion of philosophy, conceived that there was in the manners depicted by these celebrated poets, something to imitate, as well as something to avoid. He believed that nothing was so well calculated to make men delicate, gallant, and humane, as a temper perpetually alive to the sentiments of birth and honor. The opinions he entertained upon these topics were illustrated in his conduct, which was assiduously conformed to the model of heroism that his fancy suggested. With these sentiments he set out upon his travels at the age at which the grand tour is usually made, and they were rather...