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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
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Hans F. Sennholz
Two
Fail
Transfer
Ever
Harmony
Transfers
Calling
Victims
Failing
Submit
Class
Classes
Unwillingly
Society
Divided
Redistribution
Peace
Hardly
Beneficiaries
Social
Victim
Injure
More quotes by Hans F. Sennholz
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
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
A government debt is a government claim against personal income and private property - an unpaid tax bill.
Hans F. Sennholz
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
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
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
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
Political power intoxicates the best hearts. No man is wise enough, nor good enough, to be trusted with much political power.
Hans F. Sennholz
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
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
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
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
Inflationism is a dreadful cancer that is gnawing at the backbone of the civilized order.
Hans F. Sennholz
To live beyond your means today is to live below them tomorrow.
Hans F. Sennholz
A monetary order created and managed by politicians and officials is bound to disappoint.
Hans F. Sennholz
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
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
No other commodity enjoys as much universal acceptability and marketability as gold.
Hans F. Sennholz
Sound money and free banking are not impossible they are merely illegal.
Hans F. Sennholz
Peace is the natural state of man, war the temporary repeal of reason and virtue.
Hans F. Sennholz
