What is there about money and its function in commercial societies that entraps so many into laying on "the currency" the responsibility for that disease of modem societies of which the tricks of the money market are but a single symptom Not capitalism, they would have us believe, is the enemy, but coined money. Here is a pamphlet by our comrade D. A. Andrade, of the Melbourne Anarchists' Club, which is really quite bewildering in its mixture of sound sense and--opinions on currency. Andrade ought, by his own showing, to be quite free from the influence of the vulgar illusions which haunt the threshold of the study of wealth, for he warns us that money is simply "the token by which one individual keeps record of and measures that portion of... (From : AnarchyArchives.)
Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library 3. -- Application of the law of proportionality of values. Every product is a representative of labor. Every product, therefore, can be exchanged for some other, as universal practice proves. But abolish labor, and you have left only articles of greater or less usefulness, which, being stamped with no economic character, no human seal, are without a common measure, -- that is, are logically unexchangeable. Gold and silver, like other articles of merchandise, are representatives of value; they have, therefore, been able to serve as common measures and mediums of exchange. But the special function which custom has allotted to the precious metals, -- that of serving as a commercial agent, -- is purely conventional, and any other article...
The inhabitants of these houses belonged to the lowest population of the town, which in Moscow amounts to perhaps more than a hundred thousand. In this house, there were representative men of all kinds,—petty employers and journeymen, shoemakers, brushmakers, joiners, hackney coachmen, jobbers carrying on business on their own account, washerwomen, secondhand dealers, money-lenders, day-laborers, and others without any definite occupation; and here also lodged beggars and unfortunate women. Many who were like the people I had seen waiting at Liapin's house lived here, mixed up with the working-people. But those whom I saw then were in a most wretched condition, having eaten and drunk all they had, and, turned out of the public-house, were waiting, as for heavenly manna, cold and hungry, to be admitted into the free night-lodging-house,—and longing day by day to be taken to prison, in order to be sent back to their homes. Here I saw the same men among...