Browsing By Tag "rate of discount"
The Relation of the State to the Invididual 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. The following is an address by Mr. Tucker delivered before the Unitarian Ministers' Institute, at the annual session held in Salem, Mass., October 14, 1890. On account of the clear and concise manner in which the subject is treated, it may well engage the attention of any student seeking to understand Anarchism: Ladies and Gentlemen: Presumably the honor which you have done me in inviting me to address you today upon "The Relation of the State to the Individual" is due principally to the fact that circumstances have combined to make me somewhat conspicuous as an exponent of the theory of Modern Anarchism, - a theory which is coming to be more and more regar...
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...
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a most humiliat... (From : Anarchy Archives.)