Browsing By Tag "rate of discount"
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.
Mutualism in the Service of Capital. [Liberty, July 16, 1887.] In a long reply to Edward Atkinson’s recent address before the Boston Labor Lyceum, Henry George’s Standard impairs the effect of much sound and effective criticism by the following careless statement:(91 ¶ 1) Mr. Atkinson does not even know the nature of his own business. He told his audience that his regular work is to stop the cotton and woolen mills from being burned up. This is a grave blunder. Fire insurance companies are engaged in distributing losses by fire among the insured. As a statistician he knows that statistics show that in New Hampshire, when the State was boycotted by the insurance companies,...
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.)