Free Money and the Cost Principle [Liberty, December 1, 1888.] To the Editor of Liberty:(94 ¶ 1) I understand that the monopoly of money should be broken, and this would leave all persons who possessed property free to issue solvent notes thereon, the competition between them so reducing the rate of interest that it would enable would-be business people to borrow on advantageous terms. Now, to my mind this would do no good unless the new order of benefited business persons adopted the Cost principle in production and distribution, in order to break down the present bad arrangements in society that is composed of workers on the one side and idlers and unproductive or useles...
PREFACE Clarity of ideas is not characteristic of the average mind. Many people still continue to think and to talk of the Russian Revolution and of the Bolsheviki as if the two were identical. In other words, as if nothing had happened in Russia during the last three years. The great need of the present is to make clear the difference between that grand social event and the ruling, political party --- a difference as fundamental as it has been fatal to the Revolution. The following pages present a clear and historically true picture of the ideals that inspired the Revolution, and of the role played by the Bolsheviki. This pamphlet conclusively proves what the Russian Revolution IS and what the BoIshevik State, alias the Communist Party, IS... (From : Anarchy Archives.)