A government debt is a government claim against personal income and private property - an unpaid tax bill. Hans F. Sennholz More Quotes by Hans F. Sennholz More Quotes From Hans F. Sennholz Government is rather ill-suited and poorly equipped to alleviate the plight of the poor. It lacks moral rules or standards, and is devoid of basic principles in economic and social matters. Hans F. Sennholz plight government principles 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. Hans F. Sennholz champion important sound Government welfare programs contribute to the disintegration of poor families. They make women and children dependent on government; dependent for food, for clothing, for shelter; and reward fatherless families with extra benefits and welfare perks. Hans F. Sennholz welfare-programs government children ...there seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises. Hans F. Sennholz intensity crisis gold The paper standard is self-destructive. Hans F. Sennholz paper gold self 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. Hans F. Sennholz gold age littles Every businessman enjoying customer patronage, whether he be a baker, banker, or barber is conferring a public benefit, raising production, and reducing unemployment; businessmen earn their livelihood by producing products and rendering services where ever they are needed. Hans F. Sennholz bakers benefits bankers 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. Hans F. Sennholz imbalance principles action 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 government temptation loss Every individual is a potential gold buyer, although he may not need the gold. It may be added to the store of personal wealth, and passed from generation to generation as an object of family wealth. There is no other economic good as marketable as gold. Hans F. Sennholz generations gold needs 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 virtue. Hans F. Sennholz government judging people 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. Hans F. Sennholz ignorance successful simple Peace is the natural state of man, war the temporary repeal of reason and virtue. Hans F. Sennholz virtue men war Freedom is the quality of being free from the control of regulators and tax collectors. If I want to be free their control, I must not impose controls on others. Hans F. Sennholz being-free quality want In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U.S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations. Hans F. Sennholz growth successful expectations Sound money and free banking are not impossible; they are merely illegal. Hans F. Sennholz banking sound impossible 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. Hans F. Sennholz honesty gold law 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. Hans F. Sennholz gold museums long 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 fallacy increase notion An ounce of gold is an ounce of gold, whether it consists of guineas, sovereigns or eagles. Hans F. Sennholz guinea eagles gold
