Since there is no orderly way to liquidate the federal debt, we must brace for a payment crisis. Hans F. Sennholz More Quotes by Hans F. Sennholz More Quotes From Hans F. Sennholz A government debt is a government claim against personal income and private property - an unpaid tax bill. Hans F. Sennholz government-debt income liberty A 'social justice' society is a conflict which locks beneficiaries and victims alike in a struggle without end. It becomes a society torn apart by resentment over the wealth of capitalists. Hans F. Sennholz locks struggle justice Unfortunately, it is not in the power of government to make everyone more prosperous. Government can only raise the income of one person by taking from another. Hans F. Sennholz income raises government For more than two thousand years gold's natural qualities made it man's universal medium of exchange. In contrast to political money, gold is honest money that survived the ages and will live on long after the political fiats of today have gone the way of all paper. Hans F. Sennholz men two years 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. Hans F. Sennholz educational self philosophy 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. Hans F. Sennholz income wealth government 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 Hans F. Sennholz honesty freedom people 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. Hans F. Sennholz use evil war 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. Hans F. Sennholz depressing cutting government 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. Hans F. Sennholz differences ambition order No other commodity enjoys as much universal acceptability and marketability as gold. Hans F. Sennholz commodity enjoy gold We are ever aware that politics is an ugly struggle that determines 'who gets what, when, and how.' It is the favorite occupation of people who serve special interests, who have axes to grind, and public careers to advance. It is a game in which benefits are bestowed according to political skill and connection, rather than merit. Hans F. Sennholz axes struggle games Political power intoxicates the best hearts. No man is wise enough, nor good enough, to be trusted with much political power. Hans F. Sennholz wise heart men Envy is more irreconcilable than hate. It is the most corroding of all political vices and also a great power in our land. The friends of freedom are content to be envied, but envy not. Hans F. Sennholz envy hate land If we cannot return to fiscal integrity because the public prefers profusion and prodigality over balanced budgets, we cannot escape paying the price, which is ever lower incomes and standards of living for all. Hans F. Sennholz income return integrity The transfer society is forever testing the bounds of patience of taxpayers. Having reached the limit and still facing loud demands for more benefits, it resorts to deficit financing. Hans F. Sennholz demand benefits forever Instead of safeguarding truth and honesty, the state then tends to become a major source of insincerity and mendacity. Hans F. Sennholz libertarian honesty states Centers of unionism are also the centers of unemployment. Hans F. Sennholz unionism unemployment Most politicians are ever eager to regulate industrial and commercial activity and strike at the economic elite with confiscatory taxation. Unfortunately, regulation and taxation tend to hamper economic activity, inhibit productivity, and depress levels of living. Hans F. Sennholz taxation depressing levels Modern government has become a universal transfer agency that utilizes the political process for distributing vast measures of income and wealth. It preys on millions of victims in order to allocate valuable goods and services to its beneficiaries. Hans F. Sennholz agency government order
