Browsing Untitled By Tag : rate of discount

Browsing By Tag "rate of discount"

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Anarchism and Force 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. Because I claim and teach that Anarchism justifies the application of force to invasive men and condemns force only when applied to noninvasive men, Mr. Hugh O. Pentecost declares that the only difference between Anarchism on the one hand and Monarchism or Republicanism on the other is the difference between the popular conception of invasion and my own. If I were to assert that biology is the science which deals with the phenomena of living matter and excludes all phenomena of matter that is not living, and if Mr. Pentecost were to say that, assuming this, the only difference between the biological sciences and the abiological is the difference between the popular conception of life and my own, he would...

Reform Made Ridiculous. [Liberty, September 17, 1881.] One of the most noteworthy of Thomas Jefferson’s sayings was that he had rather live under newspapers without a government than under a government without newspapers. The Czar of Russia proposes to make this alternative unnecessary by establishing a national weekly journal to be distributed gratuitously in every village, whose carefully-concocted news paragraphs, severely-sifted political items, and rose-tinted editorials shall be read aloud on Sundays by designated officials to the assembled multitudes. This absurd proposal is no more absurd than that of a delegate to the State Convention of the Massachusetts Greenbackers, who desired that the government should add to its functions that of the collection...


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.)

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