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...
"And ye shall know the truth, and the truth shall make you free" (John viii. 32). I have but little time left to live, and I should like before my death to tell you, working people, what I have been thinking about your oppressed condition and about those means which will help you to free yourselves from it. Maybe something of what I have been thinking (and I have been thinking much about it) will do you some good. I naturally turn to the Russian laborers, among whom I live and whom I know better than the laborers of any other country, but I hope that my remarks may not be useless to the laborers of other countries as well. Every one who has eyes and a heart sees that you, working men, are obliged to pass your lives in want and in hard labor... (From : Anarchy Archives.)