A Quote by 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.
Related Quotes
Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.
I do not want art for a few any more than education for a few, or freedom for a few.
What's happening is there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the people who get to use the money first, which is created by the Federal Reserve System, benefit, so the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.
The importance of our being free to do a particular thing has nothing to do with the question of whether we or the majority are ever likely to make use of that particular possibility. To grant no more freedom than all can exercise would be to misconceive its function completely. The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
As few subjects are more interesting to society, so few have been more frequently written upon than the education of youth.
The ordinary man is living a very abnormal life, because his values are upside down. Money is more important than meditation; logic is more important than love; mind is more important than heart; power over others is more important than power over one's own being. Mundane things are more important than finding some treasures which death cannot destroy.
The freedom that will be used by only one man in a million may be more important to society and more beneficial to the majority than any freedom that we all use.
Few things are more important to me than the values that we hold dear in this country, and so I believe that there are few things that could be more important to teach our students in the classroom.
I always ask young writers, 'Are you certain you want to be a writer? If you're absolutely sure, then do it.' If you really want to write, writing has to take precedence over everything else, except for taking care of your loved ones. It has to be more important than any possession, more important than fame. We hear about just a few writers who get famous, but most of them don't. It's got to mean more than that.
There is no legislation--I care not what it is--tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.
A few more years shall roll,
A few more seasons come;
And we shall be with those that rest,
Asleep within the tomb.
A few more storms shall beat
On this wild rocky shore;
And we shall be where tempests cease,
And surges swell no more.
A few more struggles here,
A few more partings o'er,
A few more toils, a few more tears,
And we shall weep no more.
Then, O my Lord, prepare
My soul for that blest day;
Oh, wash me in Thy precious blood,
And take my sins away.
American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.
The power to determine the quantity of money... is too important, too pervasive, to be exercised by a few people, however public-spirited, if there is any feasible alternative. There is no need for such arbitrary power... Any system which gives so much power and so much discretion to a few men, [so] that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank.
Few intellectual tyrannies can be more recalcitrant than the truths that everybody knows and nearly no one can defend with any decent data (for who needs proof of anything so obvious). And few intellectual activities can be more salutary than attempts to find out whether these rocks of ages might crumble at the slightest tap of an informational hammer.
The internet has spawned people for whom knowingness is more important than knowledge. It equips you with the illusion of offering knowledge instantly - and quite easily - so you can read a few articles on a few subjects and feel well informed but not actually know any of those subjects in any depth.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist