Notion Quotes by Hans F. Sennholz

2 Notion quotes by Hans F. Sennholz

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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

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When all the mysticism is stripped away, the people who comprise the government (the legislators, administrators, judges, and policemen), are guided by human interests, desires, beliefs, notions, and prejudices, just like other people. They have neither superhuman wisdom nor extraordinary…

Hans F. Sennholz

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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

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Inflationism is a dreadful cancer that is gnawing at the backbone of the civilized order.

Hans F. Sennholz

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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

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Political power intoxicates the best hearts. No man is wise enough, nor good enough, to be trusted with much political power.

Hans F. Sennholz

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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

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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

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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

Sound money and free banking are not impossible; they are merely illegal.

Hans F. Sennholz

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...there seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises.

Hans F. Sennholz

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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

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Centers of unionism are also the centers of unemployment.

Hans F. Sennholz

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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

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