Henry George and 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. When Henry George was conducting his Standard some of his correspondents inveigled him into a discussion of the question of interest, in which he attempted to prove that interest is a vital reality apart from the money monopoly. The editor of Liberty at once took issue with him there: The Standard now acknowledges that "the theory of interest as propounded by Mr. George has been more severely and plausibly criticized than any other phase of the economic problem as he presents it." When we consider that George regards it as an economic law that interest varies inversely with so important a thing as rent, we see that he cannot consistently t...
Individual Sovereignty Our Goal. [Liberty, June 7, 1890.] In an unsigned article in the Open Court (written, I suspect by the editor) I find the following:(38 ¶ 1) When Anarchists teach the sovereignty of the individual, we have to inform them that society is an organized whole. The individual is what he is through the community only, and he must obey the laws that govern the growth of communal life. The more voluntary this obedience is, the better it is for the community as well as for the individual himself. But if the individual does not voluntarily obey the laws of the community, society has a right to enforce them. There is no such thing as sovereignty of the individual.(38 ¶ 2)...