Government and 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 a letter to the London Herald of Anarchy, Mr. J. Greevz Fisher asserts that "government does not, and never can, fix the value of gold or any other commodity," and cannot even affect such value except by the slight additional demand which it creates as a consumer. It is true that government cannot fix the value of a commodity, because its influence is but one of several factors that combine to govern value. But its power to affect value is out of all proportion to the extent of its consumption. Government's consumption of commodities is an almost infinitesimal influence upon value in comparison with its prohibitory power. One of the chief factors in the constitution of va...
Ergo and Presto! [Liberty, July 7, 1888.] In Henry George may be seen a pronounced type of the not uncommon combination of philosopher and juggler. He possesses in a marked degree the faculty of luminous exposition of a fundamental principle, but this faculty he supplements with another no less developed,—that of so obscuring the connection between his fundamental principle and the false applications thereof which he attempts that only a mind accustomed to analysis can detect the flaw and the fraud. We see this in the numerous instances in which he has made a magnificent defense of the principle of individual liberty in theory, only to straightway deny it in practice, while at the same time palming off his denial upon an admiring following as a practical affirmation. Freedo...