Dr. Hans F. Sennholz
Fellow, Economic Theory & Policy
February 3, 1922–June 23, 2007

www.Sennholz.com

Grove City College News Release

When I came to Grove City College as president in 1996, Hans Sennholz had long concluded his legendary teaching career. … More>

Central banks live by a simple financial principle: Whenever economic activity stagnates or declines, they quickly lower their interest rates and expand their credits. But when business seems to improve, they hesitate and vacillate in removing the rate cuts. The … More>

Few American economists have wielded as much influence on economic thought and policy as the late Milton Friedman. He was an articulate and ardent advocate of free markets and personal liberty. In 1962, his CAPITAL AND FREEDOM, which continues … More>

Medical expenses are rising faster than the costs of any other service. They are climbing at rates that exceed not only those of inflation and dollar depreciation but even the Federal government itself. In fact, they are consuming an ever … More>

Inflationomics, in popular terminology, indicates the sway of inflation thought in education and the affairs of government. It permeates political life and behavior, especially when economic policies are discussed and decided. It usually speaks well of an increase in the … More>

Immigration is one of the most controversial issues facing the American people today. Ever since the terrorist attacks of September 11, 2001, loud voices in the media are pointing to “open borders” and hinting at dangerous “illegal aliens” who are … More>

To the surprise and wonder of many economists the U.S. dollar continues to be rather strong in international money markets despite ever growing American trade deficits. Last year these deficits amounted to more than seven hundred billion dollars or six … More>

Good intentions, when guided by error and ignorance, may have undesirable consequences. There is no better example than minimum wage legislation. It means to raise the wages and improve the living conditions of poor workers but actually condemns many to … More>

In a national election, the people pick a president and for four years; thereafter they pick on him.  But few presidents have ever picked on their successors after they failed to be reelected.  Most have made a graceful exit and … More>

Ever eager to observe and command, government officials like to record their countrymen’s economic dealings with people abroad. They create balances of payments which are to help them evaluate and manage economic relations. Last year the American balance posted extraordinary … More>

EDITOR’S NOTE: In the following essay, Dr. Sennholz provides perspective and proposals on the current Social Security debate.

Introduction
An old English saying perfectly applies to election promises made by presidential candidates: “Vows made in a storm are forgotten in … More>