More paper money cannot make a society richer, of course…
“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.”
About This Quote
Source Book: Democracy: The Godless State, Hans-Hermann Hoppe, 2001
Printing more money enriches banks and governments but not the populace; inflation harms later recipients while early beneficiaries gain.
In simple terms: More money benefits elites, not the poor.
Key Takeaway
Limit money creation and protect purchasing power.
Themes
economics
inflation
monetary policy
inequality
wealth distribution
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- policy debates
- financial planning
- education
- advocacy
Key Concepts
fiat currency
central banking
redistributive effects
Questions to Reflect On
- What alternatives to fiat money exist?
- How can citizens guard against inflation?
A Different Perspective
Monetary policy is complex and political.