Free Money First 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. J. M. M'Gregor, a writer for the Detroit Labor Leaf thinks free land the chief desideratum. And yet he acknowledges that the wage-worker can't go from any of our manufacturing centers to the western lands, because "such a move would involve a cash outlay of a thousand dollars, which he has not got, nor can he get it." It would seem, then, that free land, though greatly to be desired, is not as sorely needed here and now as free capital. And this same need of capital would be equally embarrassing if the eastern lands were free, for still more capital would be required to stock and work a farm than the wage-worker can command. Under our present money system he could not even get capital by putting up his farm as co...
L’État Est Mort; Vive L’État! [Liberty, May 24, 1890.] To the Editor of Liberty:(26 ¶ 1) Hooks-and-eyes are very useful. Hooks are useless; eyes are useless. Yet in combination they are useful. This is cooperation. Where you have division of labor and consequent differentiation of function and, eventually, of structure, there is cooperation. Certain tribes of ants have working members and fighting members. The military caste are unable to collect food, which is provided for them by the other members of the community, in return for which they devote themselves to the defense of the whole society. But for these soldiers the society would perish. If either class peris...
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.)