,P>T #b1 ,*APT] #ai 
,GOV]NM5T & ,VALUE 

#ahigahig 

,PEOPLE 3 

,AU?OR 3 ,B5JAM9 ,R4 ,TUCK] 

,TEXT 3 

,GOV]NM5T & ,VALUE4 

.<,LIB]TY1 ,MAY #a#f1 #a#h#i#a4.> 

,9 A LETT] TO ! ,LONDON ,H]ALD ( ,AN>*Y1 ,MR4 ,J4 ,GREEVZ ,FI%] ASS]TS ?AT GOV]NM5T DOES NOT1 & NEV] CAN1 FIX ! VALUE ( GOLD OR ANY O!R COMMODITY1 & CANNOT EV5 AFFECT SU* VALUE EXCEPT BY ! SLI<T ADDITIONAL DEM& :I* IT CREATES AS A CONSUM]4 ,IT IS TRUE ?AT GOV]NM5T CANNOT FIX ! VALUE ( A COMMODITY1 BECAUSE ITS 9FLU5CE IS BUT ONE ( SEV]AL FACTORS ?AT COMB9E TO GOV]N VALUE4 ,BUT ITS P[] TO AFFECT VALUE IS \T ( ALL PROPORTION TO ! EXT5T ( ITS CONSUMPTION4 ,GOV]NM5T'S CONSUMPTION ( COMMODITIES IS AN ALMO/ 9F9ITESIMAL 9FLU5CE UPON VALUE 9 COMP>ISON ) ITS PROHIBITORY P[]4 ,ONE ( ! *IEF FACTORS 9 ! CON/ITUTION ( VALUE IS1 AS ,MR4 ,FI%] HIMSELF /ATES1 UTILITY2 & AS LONG AS GOV]NM5TS EXI/1 UTILITY IS L>GELY DEP5D5T UPON !IR >BITR>Y DECREES4 ,:5 GOV]NM5T PROHIBITS ! MANUFACTURE & SALE ( LIQUOR1 DOES IT NOT !REBY R$UCE ! VALUE ( EV]Y?+ ?AT IS US$ 9 SU* MANUFACTURE & SALE8 ,IF GOV]NM5T W]E TO ALL[ !ATRICAL P]=MANCES ON ,SUNDAYS1 W\LD NOT ! VALUE ( EV]Y BUILD+ ?AT CONTA9S A !AT] RISE8 ,HAVE NOT WE1 H]E 9 ,AM]ICA1 JU/ SE5 ! ,MC,K9LEY BILL *ANGE ! VALUE ( NE>LY EV]Y >TICLE ?AT ! PEOPLE USE8 ,IF GOV]NM5T W]E TO DECREE ?AT ALL PLATES %ALL BE MADE ( T91 W\LD NOT ! VALUE ( T9 RISE & ! VALUE ( *9A FALL8 ,UNQUE/IONABLY4 ,WELL1 A PRECISELY P>ALLEL ?+ OCCURS :5 GOV]NM5T DECREES ?AT ALL MONEY %ALL BE MADE ( OR ISSU$ AGA9/ GOLD OR SILV]2 !SE METALS IMM$IATELY TAKE ON AN >TIFICIAL1 GOV]NM5T-CREAT$ VALUE1 BECAUSE ( ! NEW USE :I* >BITR>Y P[] 5ABLES !M TO MONOPOLIZE1 & ALL O!R COMMODITIES1 :I* >E AT ! SAME TIME =BIDD5 TO BE PUT TO ?IS USE1 CORRESPOND+LY LOSE VALUE4 ,H[ ABSURD1 !N1 9 VIEW ( !SE 9DISPUTABLE FACTS1 TO ASS]T ?AT GOV]NM5T CAN AFFECT VALUES ONLY 9 ! RATIO ( ITS CONSUMPTION6 ,& YET ,MR4 ,FI%] MAKES ?IS ASS]TION ! />T+-PO9T ( A LECTURE TO ! $ITOR ( ! ,H]ALD ( ,AN>*Y DELIV]$ 9 ?AT DOGMATIC1 KN[-IT-ALL /YLE :I* ONLY ?OSE >E JU/IFI$ 9 ASSUM+ :O CAN SU/A9 !IR /ATEM5TS BY FACTS & LOGIC47#g#a 8 #a7 

,FROM 3 FAIR-USE4ORG4 

,*RONOLOGY 3 
,NOVEMB] #c1 #ahif 3 ,P>T #b1 ,*APT] #ai -- ,PUBLICATION4 
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