What is there about money and its function in commercial societies that entraps so many into laying on "the currency" the responsibility for that disease of modem societies of which the tricks of the money market are but a single symptom Not capitalism, they would have us believe, is the enemy, but coined money. Here is a pamphlet by our comrade D. A. Andrade, of the Melbourne Anarchists' Club, which is really quite bewildering in its mixture of sound sense and--opinions on currency. Andrade ought, by his own showing, to be quite free from the influence of the vulgar illusions which haunt the threshold of the study of wealth, for he warns us that money is simply "the token by which one individual keeps record of and measures that portion of... (From : AnarchyArchives.)
Proudhon, Pierre Joseph. System of Economical Contradictions: or, the Philosophy of Misery Electronic Text Center, University of Virginia Library Chapter 2 CHAPTER II. OF VALUE. 1. -- Opposition of value in USE and value in EXCHANGE. Value is the corner-stone of the economic edifice. The divine artist who has entrusted us with the continuation of his work has explained himself on this point to no one; but the few indications given may serve as a basis of conjecture. Value, in fact, presents two faces: one, which the economists call value in use, or intrinsic value; another, value in exchange, or of opinion. The effects which are produced by value under this double aspect, and which are very irregular so long as it is not established, -- or, to use a more philosophical expression, so long as it is not constituted, -- are changed...
On the same evening that I returned from Liapin's house, I imparted my impressions to a friend: and he, a resident of the town, began to explain to me, not without a certain satisfaction, that this was the most natural state of things in a town; that it was only owing to my provincialism that I found anything remarkable in it; and that it had always been, and always would be so, such being one of the inevitable conditions of civilization. In London it was yet worse, etc., etc., therefore there could be nothing wrong about it, and there was nothing to be disturbed or troubled about. I began to argue with my friend, but with such warmth and so angrily, that my wife rushed in from the adjoining room to ask what had happened. It appeared that, without being aware of it, I had shouted out in an agonized voice, gesticulating wildly, “We should not go on living in this way! we must not live so! we have no right!” I was rebuked for my unnecessary excitement; I was told...