Sowing the Wind
Essay and Articles on Popular Economic Policies that Make Matters Worse

     Sowing the Wind is a collection of incisive essays by Hans F. Sennholz. He exposes the short-term thinking of policy-makers who "react to every conceivable political and economic crisis by slashing interest rates and creating new credits." Yet the long-term consequences of these policies are "maladjustments caused by wanton money and credit creation and false interest rates," requiring ever more and larger interventions. Thus, the policy-makers respond to each crisis in popular ways that sow the seeds for the next crisis. Dr. Sennholz unmasks the fallacies inherent in such "knee-jerk" policies and capsulizes their consequences with the Old Testament passage: "For they have sown the wind, and they shall reap the whirlwind."

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