 | Instead Of A Book, By A Man Too Busy To Write One — Part 02, Chapter 27 : Ten Questions Briefly AnsweredBy Benjamin R. Tucker (1897) |
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| Instead Of A Book, By A Man Too Busy To Write One — Part 02, Chapter 27 : Ten Questions Briefly AnsweredBy Benjamin R. Tucker (1897) |
|
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American Father of Individualist Anarchism
: An individualist Anarchist, Tucker was a person of intellect rather than of action, focusing on the development of his ideas and on the publication of books and journals, especially the journal Liberty: Not the Daughter but the Mother of Order... (From: Anarchy Archives.)
• "The evil to which this [tariff] monopoly gives rise might more properly be called misusury than usury, because it compels labor to pay, not exactly for the use of capital, but rather for the misuse of capital." (From: "State Socialism and Anarchism," by Benjamin R. Tu....)
• "It has ever been the tendency of power to add to itself, to enlarge its sphere, to encroach beyond the limits set for it..." (From: "State Socialism and Anarchism," by Benjamin R. Tu....)
• "Even in so delicate a matter as that of the relations of the sexes the Anarchists do not shrink from the application of their principle. They acknowledge and defend the right of any man and woman, or any men and women, to love each other for as long or as short a time as they can, will, or may. To them legal marriage and legal divorce are equal absurdities." (From: "State Socialism and Anarchism," by Benjamin R. Tu....)
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Part 02, Chapter 27
[Liberty, May 16, 1891.]
Liberty is asked by the Mutual Bank Propaganda of Chicago to answer the following questions, and takes pleasure in complying with the request.(79 ¶ 1)
1. Does the prohibitory tax of ten percent imposed by Congress on any issue of paper money other than is issued by the U. S. Treasury limit the volume of money? If not, why not?
(79 ¶ 2)
Yes.(79 ¶ 3)
2. Whence did the State originally derive the
(79 ¶ 4)right
to dictate what the people should use as money?
From its power.(79 ¶ 5)
3. If an association or community voluntarily agree to use a certain money of their own device to facilitate the exchange of products and avoid high rates of interest, has the State the right to prohibit such voluntary association for mutual advantage?
(79 ¶ 6)
Only the right of might.(79 ¶ 7)
4. Do not restrictions as to what shall be used as money interfere with personal liberty?
(79 ¶ 8)
Yes.(79 ¶ 9)
5. Has the question of free trade in banking—i.e., the absence of all interference on the part of the State with making and supplying money—ever been a matter of public discussion?
(79 ¶ 10)
Yes.(79 ¶ 11)
6. What effect does the volume of money have upon the rate of interest?
(79 ¶ 12)
I suppose the intention is to ask what effect changes in the volume of money have on the rate of interest. Not necessarily any; but any arbitrary limitation of the volume of money that tends to keep it below the demand also tends to raise the rate of interest.(79 ¶ 13)
7. Can the business of banking and the supply of money be said to be under the operation of supply and demand where the State prohibits or restricts its issue, or dictates what shall be used as money?
(79 ¶ 14)
Inasmuch as they often are said to be so, they evidently can be said to be so, but whoever says them to be so lies.(79 ¶ 15)
8. Is there such a thing as a measure or standard of value? If so, how is it constituted, and what is its function?
(79 ¶ 16)
There is such a thing as a measure or standard of value whenever we use anything as such. It is constituted such either by force or by agreement. Its function is implied in its name—measure of value. Without the selection, deliberate or accidental, conscious or unconscious, of something as a standard of value, money is not only impossible, but unthinkable.(79 ¶ 17)
9. What becomes of the
(79 ¶ 18)standard
or measure
of value during suspensions of specie payment?
Nothing. It remains what it was before. Certain parties have refused to pay their debts; that’s all.(79 ¶ 19)
10. Are you in favor of free trade in banking, including the issue of paper money? If not, why not?
(79 ¶ 20)
Yes.(79 ¶ 21)
From : fair-use.org
American Father of Individualist Anarchism
: An individualist Anarchist, Tucker was a person of intellect rather than of action, focusing on the development of his ideas and on the publication of books and journals, especially the journal Liberty: Not the Daughter but the Mother of Order... (From: Anarchy Archives.)
• "It has ever been the tendency of power to add to itself, to enlarge its sphere, to encroach beyond the limits set for it..." (From: "State Socialism and Anarchism," by Benjamin R. Tu....)
• "...Anarchism, which may be described as the doctrine that all the affairs of men should be managed by individuals or voluntary associations, and that the State should be abolished." (From: "State Socialism and Anarchism," by Benjamin R. Tu....)
• "The evil to which this [tariff] monopoly gives rise might more properly be called misusury than usury, because it compels labor to pay, not exactly for the use of capital, but rather for the misuse of capital." (From: "State Socialism and Anarchism," by Benjamin R. Tu....)
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Part 02, Chapter 27
