Unfortunately, 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. SennholzSince there is no orderly way to liquidate the federal debt, we must brace for a payment crisis.
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. 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. Sennholz