August 22, 1978
Dr. Hans F. Sennholz
200 East Pine Street
Grove City, Pennsylvania 16127
Thanks for the warning, "Eurodollars May Inundate us."
I'm suspU:ious that many of those dollars have already
found their way home to roost. But that's not to deny the
worst is yet to come, much of it as you suggest or imply in
the form of attempted exchange controls, blocked currencies,
paper curtains or who knows whatt It is indeed a perilous
situation, and fortunate will be those...