The 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. 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. SennholzA 'social justice' society is a conflict which locks beneficiaries and victims alike in a struggle without end. It becomes a society torn apart by resentment over the wealth of capitalists.
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. SennholzThe government transfers income and wealth according to the rules of politics, which make politicians the primary beneficiaries of the system, and the poor and needy the primary victims.
Hans F. SennholzIn a world dependent on international trade and commerce, and staggering under a heavy load of international debt, no policy is more destructive than protectionism. It cuts off markets, eliminates trade, causes unemployment in the export industries all over the world, depresses the prices of export commodities, especially farm products of the United States. It is the crowning folly of government intervention.
Hans F. Sennholz