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 To live beyond your means today is to live below them tomorrow. Hans F. Sennholz tomorrow today mean Since there is no orderly way to liquidate the federal debt, we must brace for a payment crisis. Hans F. Sennholz braces debt way Redistribution divided society into two social classes: the beneficiaries of transfer, who are calling for ever more; and the victims, who submit unwillingly. It could hardly fail to injure social peace and harmony. Hans F. Sennholz calling class two A monetary order created and managed by politicians and officials is bound to disappoint. Hans F. Sennholz disappoint politician order Inflationism is a dreadful cancer that is gnawing at the backbone of the civilized order. Hans F. Sennholz backbone cancer order 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. Hans F. Sennholz dollars government spring
