The Abolition of Interest 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. To-day, a weekly newspaper published in Boston in 1890, printed an editorial on the subject of interest which contained so many vulnerable points that the editor of Liberty was moved to criticize it. After pointing out the errors and fallacies in the editorial, he proceeded: The modern opponents of interest are perfectly willing to consider facts tending to refute their position, but no facts can have such a tendency unless they belong to one of two classes: first, facts showing that interest has generally (not sporadically) existed in a community in whose economy money was as important a factor as it is with us today and in whose laws there was no restriction...
Relations Between Parents and Children. [Liberty, September 3, 1892.] The wisdom of acts is measured by their consequences.(41 ¶ 1) The individual’s measure of consequences is proportionate to the circle of his outlook. His horizons may lie so near that he can only measure at short range. But, whether they be near or far, he can only judge of consequences as approximately or remotely touching himself. His judgment may err; his motive remains always the same, whether he be conscious of it or not.(41 ¶ 2) That motive is necessarily egoistic, since no one deliberately chooses misery when happiness is open to him. Acts always resulting either in...