Browsing Untitled By Tag : rate of discount

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Liberty and Taxation 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. The power of taxation, being the most vital one to the State, naturally was a prominent subject in Liberty's discussions. Mr. F. W. Read, in London Jus, attacked the position of Anarchism on this point and was thus answered by Mr. Tucker: The idea that the voluntary taxationist objects to the State precisely because it does not rest on contract, and wishes to substitute contract for it, is strictly correct, and I am glad to see (for the first time, if my memory serves me) an opponent grasp it. But Mr. Read obscures his statement by his previous remark that the proposal of voluntary taxation is "the outcome of an idea...that the State is, or ough...

Voluntary Cooperation. [Liberty, May 24, 1890.] It is questionable whether Herbert Spencer will relish Mr. Donisthorpe’s classification of him as one of four lights of Anarchy. I think he would be justified in putting in a disclaimer. No doubt Anarchy is immeasurably indebted to Mr. Spencer for a phenomenally clear exposition of its bottom truths. But he entertains heresies on the very questions which Mr. Donisthorpe raises that debar him from recognition as an Anarchist. His belief in compulsory taxation and his acceptance of the majority principle, not as a temporary necessity, but as permanently warranted within a certain sphere, show him to be unfaithful to his principle of equal liberty, as Mr. Donisthorpe has convincingly demonstrated in his recent book on...


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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