Free Money First 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. J. M. M'Gregor, a writer for the Detroit Labor Leaf thinks free land the chief desideratum. And yet he acknowledges that the wage-worker can't go from any of our manufacturing centers to the western lands, because "such a move would involve a cash outlay of a thousand dollars, which he has not got, nor can he get it." It would seem, then, that free land, though greatly to be desired, is not as sorely needed here and now as free capital. And this same need of capital would be equally embarrassing if the eastern lands were free, for still more capital would be required to stock and work a farm than the wage-worker can command. Under our present money system he could not even get capital by putting u...
The Position of William. [Liberty, October 13, 1888.] John Ruskin, in the first of his Fors Clavigera series of letters to British workmen, opened what he had to say about interest by picturing what he called the position of William. Bastiat, the French economist, had tried to show the nature of capital and interest by a little story, in which a carpenter named James made a plane in order to increase his productive power, but, having made it, was induced by a fellow-carpenter named William to lend it to him for a year in consideration of receiving a new plank at the end of that time besides a plank for the use of it. Having fulfilled these conditions at the end of the first year, William borrowed the plane again on the same t...
TO THE EDITOR OF "FREEDOM" A disparaging remark in Freedom treating this constructive idea, in which Proudhon finds the lever of a pacific revolution in economics, as superficial, not radical, seems to me less than justly appreciative. Referring for Proudon's elaboration of the plan to his 'Idea General de la Revolución' and his 'Solution du Problems Social.' I would here present it as the natural evolution and complement of the cooperation institution which has achieved great success in England, the Protective Union Store. If my impressions are correct, your first at Rochdale was developed along with other good things from an original cooperative factory. Cooperative production, besides the cost of its plans, presents social problem... (From : AnarchyArchives.)
Fellow Laborers, Brothers, Sisters, of the Great Human Family: 'I APPEAR before you not as a silver tongued speaker to tickle your fancies, please your conceits, or to call forth your applause by lofty flights of oratory; but as a cool and deliberate sympathizer in your labors, sufferings, hopes and fears; as one who for years has studied to find out what the matter is in this favored land, that possesses all the elements of prosperity of all other countries in the world; that there can be at the same time creaking warehouses, burdened by the surplus products, and also millions starving. Mothers agonizing for their children who cry for bread they have not to give; fathers desperate and ready for almost anything that promises redress. I come... (From : RevoltLib.com.)
(By an Individualist Anarchist.) THE two primary purposes for which the State exists are these: the maintenance of legal property, from which arises an monopolies of land and means of labor; the manufacture of the so-called legal currency, or medium of exchange; and practically speaking Anarchists attack these two monster evils. The State has arisen out of and still embodies the principle of Mutual Distrust, and it can only be abolished by replacing this principle by that of Mutual Confidence. Doubtless there is a tendency towards a growth of this latter principle, and hence the hope of the Anarchist. People who are not accustomed to question the present order of things, treat as perfectly chimerical or utopian the idea of doing away with m... (From : AnarchyArchives.)
A NEW BANKING SYSTEM THE NEEDFUL CAPITAL FOR REBUILDING THE BURNT DISTRICT By LYSADNER SPOONER. BOSTON: SOLD BY A. WILLIAMS & CO. 135 WASHINGTON SREET 1873 Entered according to Act of Congress, in the year 1873, By LYSANDER SPOONER, In the office of the Librarian of Congress, at Washington. Printed by WARREN RICHARDSON, 112 Washington St. C O N T E N T S. CHAPTER I. A New Banking System CHAPTER II. Specie Payments CHAPTER III. No Inflation Prices CHAPTER IV. Security of the System CHAPTER V. The System as a Credit System CHAPTER VI. Amount of Currency Needed CHAPTER VII. Importance of the System to Massachusetts, CHAPTER VIII. The True Character of the "National" System CHAPTER IX. Amasa Walker's Opinion of the Auth... (From : Anarchy Archives.)
What is there about money and its function in commercial societies that entraps so many into laying on "the currency" the responsibility for that disease of modem societies of which the tricks of the money market are but a single symptom Not capitalism, they would have us believe, is the enemy, but coined money. Here is a pamphlet by our comrade D. A. Andrade, of the Melbourne Anarchists' Club, which is really quite bewildering in its mixture of sound sense and--opinions on currency. Andrade ought, by his own showing, to be quite free from the influence of the vulgar illusions which haunt the threshold of the study of wealth, for he warns us that money is simply "the token by which one individual keeps record of and measures that portion of... (From : AnarchyArchives.)
Half a century after the events concerned, the Guardian and the BBC unearthed the facts about Edward VIII (later Duke of Windsor). Only their interpretations are dubious. They say the Establishment suspected Edward for his fascist views, and used the Mrs Simpson affaire as an excuse to get rid of him. Certainly Edward collaborated with the Nazis before and during the war and by law should have been hanged for high treason (even now a capital offense). He deserted his post in front of the enemy in France during the war and went to Spain. Another death sentence was due. Prime Minister Churchill then sent him off on a handsome salary to govern the Bahamas, where he gave information and advice to Berlin (a third death sentence!) and engaged in ... (From : Hack.org.)