War cannot be driven out by war, for the use of evil breeds more evil, hostility more hostility, and the use of force more force.
Hans F. SennholzThe popular notion that an increase in the stock of money is socially and economically beneficial and desirable is one of the great fallacies of our time.
Hans F. SennholzThe international monetary order is more precarious by far today than it was in 1929. Then, gold was international money, incorruptible, unmanageable, and unchangeable. Today, the U.S. dollar serves as the international medium of exchange, managed by Washington politicians and Federal Reserve officials, manipulated from day to day, and serving political goals and ambitions. This difference alone sounds the alarm to all perceptive observers.
Hans F. SennholzWe are ever aware that politics is an ugly struggle that determines 'who gets what, when, and how.' It is the favorite occupation of people who serve special interests, who have axes to grind, and public careers to advance. It is a game in which benefits are bestowed according to political skill and connection, rather than merit.
Hans F. Sennholz