Money Crisis Professor Sennholz Predicts Dark Future

Name: Money Crisis Professor Sennholz Predicts Dark Future
Author: Sennholz

1969

[Money Crisis: Professor Sennholz Predicts Dark Future]: Professor Hans Sennholz analyzes the 1968-1969 international monetary crisis, focusing on the decline of French reserves and the chronic deficits of Britain and the United States. He argues that government-mandated wage increases and subsequent credit expansion by central banks inevitably lead to gold outflows and domestic economic instability. Sennholz predicts the eventual collapse of the international payment system, suggesting it will result in either massive currency devaluations or the suspension of gold payments, ultimately leading to a 'dollar standard' or a fragmented monetary world where hard-currency nations form their own gold blocks.

Austrian School Balance of Payments Bretton Woods Devaluation Gold Standard Hans F. Sennholz Inflation

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Money Crisis: Professor Sennholz Predicts Dark Futureessay

Professor Hans Sennholz analyzes the 1968-1969 international monetary crisis, focusing on the decline of French reserves and the chronic deficits of Britain and the United States. He argues that government-mandated wage increases and subsequent credit expansion by central banks inevitably lead to gold outflows and domestic economic instability. Sennholz predicts the eventual collapse of the international payment system, suggesting it will result in either massive currency devaluations or the suspension of gold payments, ultimately leading to a 'dollar standard' or a fragmented monetary world where hard-currency nations form their own gold blocks.

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