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...
An Unfortunate Analogy. [Liberty, November 5, 1887.] A question has arisen in England whether the public have a right of access to the top of Latrigg in Keswick Vale, the public claiming such right and certain landowners denying it. It is probable that the claim of the public is good, but, as I am not informed regarding the basis of the landholders’ title in this particular case, it is not my purpose to discuss the matter. The London Jus, however, has discussed the matter, and I refer to it only to expose an inconsistency into which that journal has fallen. It seems that Mr. Plimsoll, who champions the claim of the public, has made this declaration:(46 ¶ 1) What Parliament has given Parliament can take away.