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Debts and Deficits (Book/ Paperback)

Product Overview

Debts and Deficits condemns the forced transfer of personal wealth under the welfare system. A forceful declaration for fiscal responsibility by government with remarkably accurate predictions, should fiscal irresponsibility continue.

* In 1972, when the federal debt was less than $450 billion, he published, and the Congressional Record recorded, his projection of federal deficits and debts. At that time, he predicted a 1993 debt of $4 trillion, and the actual figure was $4.411 trillion! Surely, no government economist could see 20 years into the future so clearly and accurately!

About the Author(s)

Hans F. Sennholz (February 3, 1922 - June 23, 2007) (born in Brambauer, Germany) was an economist of the Austrian school of economics who studied under Ludwig von Mises. After serving in the Luftwaffe in World War II, he took degrees at the universities of Marburg and Cologne. He then moved to the United States to study for a Ph.D. at New York University. He was Ludwig von Mises's first PhD student in the United States. He taught economics at Grove City College, 1956-1992, having been hired as department chair upon arrival. After he retired, he became president of the Foundation for Economic Education, 1992-1997.