Necessity for a Standard of Value 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 the early 90's, the Galveston News had on its staff an exceptionally able and clear-thinking editorial writer. Liberty frequently reprinted his editorials. Concerning one on "The Functions of Money" Mr. Tucker wrote the following article for the News: I entirely sympathize with your disposal of the Evening Post's attempt to belittle the function of money as a medium of exchange; but do you go far enough when you content yourself with saying that a standard of value is highly desirable? Is it not absolutely necessary? Is money possible without it? If no standard is definitely adopted, and then if paper money is iss...
"And ye shall know the truth, and the truth shall make you free" (John viii. 32). I have but little time left to live, and I should like before my death to tell you, working people, what I have been thinking about your oppressed condition and about those means which will help you to free yourselves from it. Maybe something of what I have been thinking (and I have been thinking much about it) will do you some good. I naturally turn to the Russian laborers, among whom I live and whom I know better than the laborers of any other country, but I hope that my remarks may not be useless to the laborers of other countries as well. Every one who has eyes and a heart sees that you, working men, are obliged to pass your lives in want and in hard labor... (From : Anarchy Archives.)