Archive for Hans F. Sennholz

Notes from FEE

The Poverty Of Politics In ages past politics was an art built on the great principles of political wisdom, as in the laws of Moses and the precepts of the Founding Fathers. A politician was a person knowledgeable and skilled in the application of these principles to the processes of government and the political institutions. [...]

1Sep1992 | | 0 comments | Continued

Notes from FEE

Knowledge and Wisdom Real knowledge does not come easily; it is achieved through study, work, experience, observation, and reflection. It cannot be acquired without the application of effort, and although many people wish to possess knowledge, few are willing to pay the price. Wisdom is the right use of knowledge. He who knows may not [...]

1Aug1992 | | 0 comments | Continued

Notes from FEE

The Old and The New The Foundation for Economic Education is the oldest conservative research organization dedicated to the preservation of individual freedom and the private property order. It was established in 1946 by Chamber of Commerce executive Leonard E. Read and guided by its adviser, the eminent Austrian economist, Ludwig von Mises. Both served [...]

1Jul1992 | | 0 comments | Continued

Perspective: Strength Springs from Strong Ideas

The Foundation for Economic Education is a “home” for the friends of freedom everywhere. FEE’s spirit is uplifting, reassuring, and contagious, inspiring the creation of numerous similar organizations at home and abroad. F. A. Harper founded The Institute for Humane Studies; Kenneth Ryker created the Freedom Education Center in Cedar Hill, Texas; and Ralph Smeed, [...]

1Jul1992 | | 0 comments | Continued

Pains of the German Unification

Dr. Sennholz heads the Department of Economics at Grove City College in Pennsylvania. Eastern Germany is lingering in deep depression. Of all the struggling former Soviet satellites, it was expected to succeed most quickly. At a stroke, on July 1,1990, the German mark became the common currency, opening the doors to one of the world’s [...]

1Oct1991 | | 0 comments | Continued

Keynesian Budgets Threaten Recovery

The 1991 and 1992 Federal budgets alarm and dismay many economists. They are the very models of Keynesian budgets, calling for a sharp rise in Federal spending as an antidote for recession, They propose to boost Federal spending from $1.25 trillion in fiscal 1990 to $1.45 trillion in 1992, or 15 percent. If we add [...]

1Jul1991 | | 26 comments | Continued

Transforming the Command Economies

Dr. Sennholz heads the Department of Economics at Grove City College in Pennsylvania. To transform a Communist system into a market order is like trying to reform a person suffering from alcoholism or drug addiction. The addict, knowing little of healthful living, has developed a multitude of physical and psychological deficiencies and dependencies. When he [...]

1May1991 | | 0 comments | Continued

The Great Banking Scandal

Dr. Sennholz heads the Department of Economics at Grove City College in Pennsylvania. He is the author of the 57-page booklet The Savings and Loan Bailout: Valiant Rescue or Hysterical Reaction? available from The Foundation for Economic Education at $4.45. Federal Reserve Chairman Alan Green-span recently shocked the financial world when he estimated the eventual [...]

1Nov1990 | | 1 comment | Continued

Old Banking Myths

Dr. Sennholz heads the Department of Economics at Grove City College in Pennsylvania. He is a noted writer and lecturer on monetary affairs, Many banks and thrifts are tottering on the brink of bankruptcy. The deficit ,in the fund that insures deposits in savings institutions more than doubled last year, and continues to rise. Government [...]

1May1989 | | 0 comments | Continued

The Banking Crisis

Dr. Sennholz heads the Department of Economics at Grove City College in Pennsylvania. He is a noted writer and lecturer on monetary affairs. The Federal Savings and Loan Insurance Corporation (FSLIC), which insures deposits in savings institutions, is in dire straits. Its liabilities exceed its assets by more than $13 billion, up from $6.3 billion [...]

1Nov1988 | | 1 comment | Continued

The Great Depression

Dr. Sennholz heads the Department of Economics at Grove City College in Pennsylvania. He is a noted writer and lecturer on monetary affairs. This article originally appeared in the April 1975 issue of The Freeman. Although the Great Depression engulfed the world economy more than 50 years ago, it lives on as a nightmare for [...]

1Mar1988 | | 1 comment | Continued

A Line-Item Veto

The annual battle about the Federal budget provides an astounding spectacle that is both amusing and revealing. Despite countless committee meetings and lengthy heatings, the members of Congress fail to come to an agreement on revenues and expenditures. At the very close of the fiscal year, at midnight, September 30, the government is left without [...]

1Sep1987 | | 3 comments | Continued

A Balanced Budget Amendment

he federal government has but two ways to balance its budget: raise taxes or reduce expenditures. The former is easy; anyone can contrive new levies. But new taxes may bring forth the wrath of those who are to bear them, which may spell political defeat to the legislators who impose them. A reduction in expenditures may be equally dangerous. To slash popular entitlements and transfer benefits may amount to political suicide.

1Aug1987 | | 5 comments | Continued

Privatizing Federal Programs

Privatization transfers services from government agencies to private producers. The efficiency gains that flow from competitive enterprise are to be used to cut spending.[1] Privatization is also said to pay rich political dividends. It creates powerful groups of providers and beneficiaries who profit from the programs. They may be mobilized to support privatization and build a coalition for decisive spending Cuts.[2]

1Jun1987 | | 0 comments | Continued

The Ethics of Entitlement

Entitlement programs—government taking income and wealth from some citizens and transferring it to others—are a fairly recent development. The U.S. government assumed the task only two generations ago when Congress introduced progressive taxation and, soon thereafter, launched systems of old age insurance and unemployment compensation. Since then, social pressure, sustained by strong moral emotion, has caused all administrations to pursue the ideals of a more equal distribution of wealth.

1Apr1987 | | 26 comments | Continued

Welfare States at War

Dr. Sennholz heads the department of economics at Grove City College in Pennsylvania.       This article is excerpted from The Freeman of February 1957. “Welfare States at War,” in its entirety, appears in Free Trade: The Necessary Foundation for World Peace. the first volume in FEE’s Freeman library series. The new international crises [...]

1Mar1987 | | 1 comment | Continued

The Politics of Deficit Spending

During the first 150 years of U.S. history, it was a maxim of political economy that the federal government should balance its budget. The only exception was allowed in wartime when deficits were deemed to be unavoidable. But when the war emergency had passed, the federal government was expected to repay the debt as soon as possible. It was made to run surpluses for 28 consecutive years after the Civil War, and for 11 consecutive years after World War I.

1Feb1987 | | 3 comments | Continued
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