Browsing Untitled By Tag : rate of discount

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State Socialism and Anarchism: How far they agree, and wherein they differ. 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. This essay, which is the clearest statement on the subject that has ever been produced, was written by Mr. Tucker in 1886, in response to an invitation from the editor of the North American Review to furnish him a paper on Anarchism. It was accepted, announced for publication, and was paid for; but it was never printed in that magazine, and, after numerous letters of inquiry had been sent, the manuscript was returned to the author, although the editor of the Review volunteered the declaration that it was the ablest article that he had received during his editorship. It appeared as the leading article in "Instead...

On Picket Duty. Bullion thinks that civilization consists in teaching men to govern themselves and then letting them do it. A very slight change suffices to make this stupid statement an entirely accurate one, after which it would read: Civilization consists in teaching men to govern themselves by letting them do it.—Liberty, August 20, 1881.(52 ¶ 1) People in general, and the governmental Socialists in particular, think they see a new argument in favor of their beloved State in the assistance which it is rendering to the suffering and starving victims of the Mississippi inundation. Well, such work is better than forging new chains to keep the people in subjection, we allow; but it is not worth the price that is paid for it. The people cannot afford to be enslav...


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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