The 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. SennholzWhen individual enterprise is free and unhampered, profit-and-loss calculations set precise limits to a businessman's temptations to expand his services... a government valuable they may be, have no market price and, therefore, cannot be subjected to profit-and-loss accounting.
Hans F. SennholzWar 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 gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.
Hans F. SennholzUnder the influence of collectivist ideologies, many politicians and journalists are ever eager to strike at successful entrepreneurs who earn much more than they do. It is difficult to ascertain their motives; it can be simple envy which consumes many men, or it can be economic ignorance.
Hans F. Sennholz