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
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… — Hans F. Sennholz Copy Share Image
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
