About Hans F. Sennholz

Dr. Hans Sennholz earned his first doctorate from the University of Cologne in Germany and his second from New York University. He also earned two honorary doctorates. As a well-known Austrian school economist, he served as Professor of Economics at Grove City College for 36 years. Upon his retirement he became President of the Foundation for Economic Education until 1997. A prolific writer, he is the author of several books and has had some 500 essays and articles published in American publications and 36 in German journals and newspapers. In 2004 the Ludwig von Mises Institute acclaimed him with its highest award, the Schlarbaum Prize, for lifetime achievement in liberty. Many of his articles and essays are accessible on www.sennholz.com. Dr. Sennholz passed away in June 2007.

Money is Flooding the World Markets

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 … Continue reading


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 to … Continue reading

Under the Shadow of Inflationomics

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 … Continue reading

Policing the Border

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 … Continue reading

The Strength of the Dollar

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 … Continue reading

Raising the Minimum Wage

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 … Continue reading

VISION & VALUES: Shadows of Foreign Debt

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 … Continue reading