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...
Rights and Duties Under Anarchy. [Liberty, December 31, 1887.] Old readers of this paper will remember the appearance in its columns, about two years ago, of a series of questions propounded by the writer of the following letter and accompanied by editorial answers. To-day my interrogator questions me further; this time, however, no longer as a confident combatant, but as an earnest inquirer. As I replied to him then according to his pugnacity, so I reply to him now according to his friendliness.(13 ¶ 1) To the Editor of Liberty:(13 ¶ 2) Will you please insert the following questions in your paper with your answers theret...