Free Banking 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. In 1889, Mr. Hugo Bilgram first published his "Involuntary Idleness," which Mr. Tucker characterized as the most important book of the generation. But, while admiring the author's examination of the relation between unemployment and interest on money, and while agreeing with his conclusion that "an expansion of the volume of money, by extending the issue of credit money, will prevent business stagnation and involuntary idleness," the editor of Liberty had one substantial disagreement with Mr. Bilgram, which he stated thus: When Mr. Bilgram proposes that the government shall carry on (and presumably monopolize, though this is not clearly stated) the business of issui...
Mr. Blodgett’s Final Question. [Liberty, April 28, 1888.] To the Editor of Liberty:(15 ¶ 1) I have one more question, and it does not occur to me now that I shall want to trouble you further in this way.(15 ¶ 2) You say: I do not believe in any inherent right of property. Property is a social convention.(15 ¶ 3) Now, does Anarchism recognize the propriety of compelling individuals to regard social conventionalities?(15 ¶ 4) S. Blodgett. Grahamville, Florida.