More Paper Money Does Not Make Richer – Quote by Hans-Hermann Hoppe

„More paper money cannot make a society richer, of course, – it is just more printed-paper. Otherwise, why is it that there are still poor countries and poor people around? But more money makes its monopolistic producer (the central bank) and its earliest recipients (the government and big, government-connected banks and their major clients) richer at the expense of making the money's late and latest receivers poorer.“

Prof. Hans-Hermann HoppeHans-Hermann Hoppe explains why more paper money does not make society richer but benefits certain groups.
PreviousNext

Prof. Hans Hermann Hoppe is a libertarian philosopher and economist known for his works on political philosophy and anarcho-capitalism.

A critical view by Hans-Hermann Hoppe on the impact of paper money on society and economy.


Translation or original: 🇩🇪Click here

Quelle: Hier klicken

i

3.0 / 5

Hans-Hermann Hoppe quote about why more paper money does not make society richer

Hans Hermann Hoppe is a German-American philosopher and economist recognized for his libertarian and anarcho-capitalist theories. He has published numerous books and articles and is professor emeritus at the University of Nevada, Las Vegas. His works primarily focus on freedom, property, and the state.

Murray Rothbard quote about money, scarcity, and the effects of increasing the money supplyCopyright © yoice.net – Quote Artwork
/
0 Comments
"Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark." Murray Rothbard
Read more
Murray Rothbard quote about money distribution and the effects on people with fixed incomesCopyright © yoice.net – Quote Artwork
/
0 Comments
"In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money." Murray Rothbard
Read more
Murray Rothbard quote about inflation and central banksCopyright © yoice.net – Quote Artwork
/
0 Comments
"So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?" Murray Rothbard
Read more
Murray Rothbard quote about government money creation and inflationCopyright © yoice.net – Quote Artwork
/
0 Comments
"If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy." Murray Rothbard
Read more
Quote by Roland Baader about how every decline in the value of money is caused by the state.Copyright © yoice.net – Quote Artwork
/
0 Comments
""...Every decline in the value of money is caused and organized by the state. Paper money and the central bank monopoly are the great super-tricks used to camouflage the violent nature of the state and the predatory basic pattern of ALL politics. Very few citizens are truly aware of the unimaginable extent to which they have been exploited for generations by the combination of progressive income tax and inflation, robbing them of the fruits of their labor."" Roland Baader
Read more
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Egalitarianism and Private Property – Quote by Hans-Hermann HoppeQuote image about egalitarianism and private property by Hans-Hermann HoppeCopyright © yoice.net – Quote ArtworkHans-Hermann Hoppe quote about democracy, free entry into government, and the tragedy of the commonsCopyright © yoice.net – Quote ArtworkHans-Hermann Hoppe Quote on the Tragedy of the Commons and Democracy