Liberty and Property 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. Hugo Bilgram of Philadelphia, author of "Involuntary Idleness" and "The Cause of Business Depressions," contributed an article to Liberty on "The Right of Ownership," in which he defined that right as "that relation between a thing and a person created by the social promise to guarantee possession"; and then propounded to the editor of Liberty the following question: "Has Anarchism a different conception of the right of ownership, or is this right altogether repudiated, or is it assumed that out of the ruins of government another social organization, wielding a supreme power, will arise?" Mr. Tucker replied: In discussing...
Free Money and the Cost Principle [Liberty, December 1, 1888.] To the Editor of Liberty:(94 ¶ 1) I understand that the monopoly of money should be broken, and this would leave all persons who possessed property free to issue solvent notes thereon, the competition between them so reducing the rate of interest that it would enable would-be business people to borrow on advantageous terms. Now, to my mind this would do no good unless the new order of benefited business persons adopted the Cost principle in production and distribution, in order to break down the present bad arrangements in society that is composed of workers on the one side and idlers and unproductive or useles...