More Paper Money Doesn’t Make Society Richer – 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?“

Prof. Hans-Hermann HoppeHans-Hermann Hoppe on the impact of paper money on societal wealth and the existence of poverty.
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Prof. Hans Hermann Hoppe is a libertarian philosopher and economist known for his works on political philosophy and anarcho-capitalism.

Quote by Hans-Hermann Hoppe about the effect of paper money on the wealth of societies.


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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.

Hans-Hermann Hoppe quote about why more paper money does not make society richerCopyright © yoice.net – Quote Artwork
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"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." Hans-Hermann Hoppe
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Murray Rothbard quote about money, scarcity, and the effects of increasing the money supplyCopyright © yoice.net – Quote Artwork
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"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
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Quote by Henry Hazlitt about inflation and its unavoidable economic consequencesCopyright © yoice.net – Quote Artwork
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"If a government resorts to inflation, that is, creates money in order to cover its budget deficits or expands credit in order to stimulate business, then no power on earth, no gimmick, device, trick or even indexation can prevent its economic consequences." Henry Hazlitt
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Quote by Ayn Rand about society’s virtue, corruption, and moral declineCopyright © yoice.net – Quote Artwork
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"Money is the barometer of a society’s virtue. When you see that trading is done, not by consent, but by compulsion- When you see that in order to produce, you need to obtain permission from men who produce nothing- when you see that money is flowing to those who deal, not in goods, but in favors- when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you- when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed." Ayn Rand
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