Browsing By Tag "rate of discount"
Land for the People 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. Although secondary in the study of economics, in the view of the Anarchists, the land question nevertheless ranks high with a large number of persons, hence it was always coming to the front in the columns of Liberty. During the period covered by the matter in this volume the Single Tax was very prominent in most discussions of this subject, and Henry George was very active in his propaganda, hence, in the following pages, there will be many references to his pet theory. The Irish land question also was very much in the public eye, and the Liverpool speech, referred to here, is that in which Michael Davitt, in 1882, first publicly endorsed the doctrine of land nationalization. The term "r...
Free Trade in Banking. [Liberty, July 11, 1891.] To the Editor of Liberty:(73 ¶ 1) It is much to be regretted when Liberty is wounded in the house of her friends. This is caused by those who regard liberty as a panacea for every ill, or perhaps it would be better to say who regard the inevitable vicissitudes and inequalities of life as evil. There is no more philosophical reason for believing that all men can be equal, rich, and happy than for believing that all animals can be equal, including, of course, that they should all be equal to men.(73 ¶ 2) Freedom is exceeding fair. It is by far the most excellent way. Under li...
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal Arguments Drawn from the Operations of the Bank of France It is not true--and the facts just cited prove beyond a doubt that it is not--that the decrease of interest is proportional to the increase of capital. Between the price of merchandise and interest of capital there is not the least analogy; the laws governing their fluctuations are not the same; and all your dinning of the last six weeks in relation to capital and interest has been utterly devoid of sense. The universal custom of banks and the common sense of the people give you the lie on all these points in a most humiliat... (From : Anarchy Archives.)