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Hans F. Sennholz Biography

Hans F. Sennholz (/ˈzɛnhɔːlts/; German: [ˈzɛnhɔlts]; 3 February 1922 – 23 June 2007) was a German-born American Austrian School economist and prolific author who studied under Ludwig von Mises. A Luftwaffe pilot during World War II, he was shot down over North Africa on 31 August 1942, and spent the remainder of the war in a POW camp in the United States.

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Hans F. Sennholz Quotes

Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tasks, if any, are more important to the champion of freedom than creation of a sound monetary system.

Champion, Important, Sound, Monetary, Existing, Free

Wherever politics intrudes upon economic life, political success is readily attained by saying what people like to hear rather than what is demonstrably true. Instead of safeguarding truth and honesty, the state then tends to become a major source of insi

Attained, Freedom, Honesty, Insi, People, Saying

Monetary freedom (gold: sound money), like all other economic freedoms, clears the way for energy, intellect and virtue. . . Political control weakens individual self-reliance and energy, causes want and poverty and, in the end, breeds tyranny and oppression.

Self, Political, Gold, Clears, Tyranny

An ounce of gold is an ounce of gold, whether it consists of guineas, sovereigns or eagles.

Consists, Eagles, Gold, Guinea, Ounce

Under the influence of collectivist ideologies, many politicians and journalists are ever eager to strike at successful entrepreneurs who earn much more than they do. It is difficult to ascertain their motives; it can be simple envy which consumes many men, or it can be economic ignorance.

Ascertain, Ignorance, Politicians, Simple, Successful

The government transfers income and wealth according to the rules of politics, which make politicians the primary beneficiaries of the system, and the poor and needy the primary victims.

Government, Income, Primary, System, Transfers, Wealth

To reverse the trend and reduce the role of government in our lives, and thus alleviate the government deficit and inflation pressures, is a giant educational task. The social and economic ideas that gave birth to the transfer system must be discredited and replaced with old values of individual independence and self-reliance. The social philosophy of individual freedom and unhampered private property must again be our guiding light.

Educational, Giant, Old, Philosophy, Self, Trend

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

Backbone, Cancer, Dreadful, Inflationism, Order

The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.

Age, Gold, History, Littles, Merely, Register

The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums.

Currency, Forgotten, Gold, Long, Museums, Rash

The 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.

Ambition, Differences, International, Medium, Order, Unchangeable

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.

Free, Government, Loss, Price, Services, Temptation

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 government intervention.

Depressing, Cutting, Government Intervention, Commodities, Trade, Staggering

The 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.

Causes, Government, Racial, Soar, Spring, Transfer

War cannot be driven out by war, for the use of evil breeds more evil, hostility more hostility, and the use of force more force.

Driven, Evil, Force, Use, War

A monetary order created and managed by politicians and officials is bound to disappoint.

Disappoint, Managed, Monetary, Order, Politician, Politicians

A government debt is a government claim against personal income and private property - an unpaid tax bill.

Bill, Government, Income, Liberty, Property

To live beyond your means today is to live below them tomorrow.

Live, Mean, Today, Tomorrow

There is no escape from the vast imbalances in international trade and finance. They will be corrected, sooner or later, by the inexorable principles that govern human action.

Action, Human, Imbalance, Imbalances, Principles, Sooner

The gold standard sooner or later will return with the force and inevitability of natural law, for it is the money of freedom and honesty.

Force, Gold, Honesty, Inevitability, Law

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