Browsing By Tag "rate of discount"
The Futility of the Ballot 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. No superstition was so tirelessly and so mercilessly attacked by the editor of Liberty as that of the ballot. To those who defended it and advocated it as a means of securing liberty he was always ready with a biting answer. Here are some samples of such: General Butler's long-expected letter [in acceptance of the nomination for the presidency given him by the labor party] is out at last. The question now is how many it will hoodwink. Among these at least will not be Liberty. Would that as much could be asserted of all who think they believe in Liberty. But the political habit is a clinging one; the fasci-nations of polit...
Mr. Pentecost an Abettor of Government. [Liberty, November 14, 1891.] 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. 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 take a...
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.)