Browsing Untitled By Tag : rate of discount

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Liberty and Organization 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. Thirty-five years ago the Personal Rights Journal of London, at that time edited by J. H. Levy, was a valiant champion of what was then known as Individualism. This latter was practically Anarchism, but that fact was not realized by Levy, Wordsworth Donisthorpe and other contributors to the columns of the Journal, which led to discussions between those gentlemen and the editor of Liberty concerning Anarchism and organization, taxation, etc. Mr. Tucker's remarks are here set forth: Names aside, the thing that Individualism favors is organization to maintain the widest liberty equally for all citizens. Well, that is precisely what Anarchism fav...

A Plea for Non-Resistance [Liberty, February 11, 1888.] To the Editor of Liberty:(18 ¶ 1) I must take exception to the teaching that the infliction of injury upon aggressors is compatible with the principle of equal liberty to all.(18 ¶ 2) First, with an argument which is no argument, yet which has its force to those who have observed the growth of new ideas in their own minds: how there comes first a revulsion against what is, then strong sentiment in favor of the opposite, and last only, and often not then until long after, perhaps never, comes the possibility of rational justification of the sentiment.(18 ¶ 3)...


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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