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...
A Standard of Value a Necessity. [Liberty, June 13, 1891.] Readers of Liberty will remember an article in No. 184 on The Functions of Money, reprinted from the Galveston News. In a letter to the News I commented upon this article as follows:(80 ¶ 1) I entirely sympathize with your disposal of the Evening Post’s attempt to belittle the function of money as a medium of exchange; but do you go far enough when you content yourself with saying that a standard of value is highly desirable? Is it not absolutely necessary? Is money possible without it? If no standard is definitely adopted, and then if paper money is issued, does not the first commod...