When 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. Sennholz Copy Share Image
The 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 Copy Share Image
Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tasks, if… — Hans F. Sennholz Copy Share Image
Inflationism is a dreadful cancer that is gnawing at the backbone of the civilized order. — Hans F. Sennholz Copy Share Image
When 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… — Hans F. Sennholz Copy Share Image
Political power intoxicates the best hearts. No man is wise enough, nor good enough, to be trusted with much political power. — Hans F. Sennholz Copy Share Image
In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as… — Hans F. Sennholz Copy Share Image
The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in… — Hans F. Sennholz Copy Share Image
In 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… — Hans F. Sennholz Copy Share
Sound money and free banking are not impossible; they are merely illegal. — Hans F. Sennholz Copy Share Image
...there seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises. — Hans F. Sennholz Copy Share Image
The social and racial conflict, which springs from the redistribution ideology, may deepen as economic output is shrinking and transfer 'entitlements cause budget deficits… — Hans F. Sennholz Copy Share Image
Wherever politics intrudes upon economic life, political success is readily attained by saying what people like to hear rather than what is demonstrably true.… — Hans F. Sennholz Copy Share Image
