Inflationism is a dreadful cancer that is gnawing at the backbone of the civilized order.
Hans F. SennholzThe transfer society is forever testing the bounds of patience of taxpayers. Having reached the limit and still facing loud demands for more benefits, it resorts to deficit financing.
Hans F. SennholzSince there is no orderly way to liquidate the federal debt, we must brace for a payment crisis.
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