Every businessman enjoying customer patronage, whether he be a baker, banker, or barber is conferring a public benefit, raising production, and reducing unemployment; businessmen earn their livelihood by producing products and rendering services where ever they are needed.
Hans F. SennholzThe gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums.
Hans F. SennholzUnfortunately, it is not in the power of government to make everyone more prosperous. Government can only raise the income of one person by taking from another.
Hans F. Sennholz...there seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises.
Hans F. SennholzA government debt is a government claim against personal income and private property - an unpaid tax bill.
Hans F. SennholzThe social and racial conflict, which springs from the redistribution ideology, may deepen as economic output is shrinking and transfer 'entitlements cause budget deficits to soar. The U.S. dollar, which has become a mere corollary of government finance, is likely to survive the soaring deficits.
Hans F. Sennholz