Browsing Untitled By Tag : rate of discount

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Liberty's Declaration of Purpose 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. Volume 1, No. 1, of Liberty appeared on August 6, 1881 and here is its salutatory: LIBERTY enters the field of journalism to speak for herself because she finds no one willing to speak for her. She hears no voice that always champions her; she knows no pen that always writes in her defense; she sees no hand that is always lifted to avenge her wrongs or vindicate her rights. Many claim to speak in her name, but few really understand her. Still fewer have the courage and the opportunity to consistently fight for her. Her battle, then, is her own, to wage and win. She - accepts it fearlessly and with a dessly and with a determined spirit.

Rule or Resistance—Which? [Liberty, December 26, 1891.] To the Editor of Liberty:(20 ¶ 1) Do you think that it is accurate to say, as Liberty has said recently, that Anarchism contemplates the use of police, jails, and other forms of force? Is it not rather that Anarchism contemplates that those who wish these means of protection shall pay for them themselves; while those who prefer other means shall only pay for what they want? (20 ¶ 2) Indeed, the whole teaching that it is expedient to use force against the invader, which, as you know, I have always had doubts about, seems to me to fall when Egois...


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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