--- title: "Meaning & Key Takeaway of: More paper money cannot make a society…" description: "\"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 ..." image: "https://sms4smile.com/quotes/i/0f5/hans-hermann-hoppe-16076_big-government_more-paper-money-cannot-make-a-society-r_342494.jpg" --- # 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…” quote by Hans-Hermann Hoppe](https://sms4smile.com/quotes/i/0f5/hans-hermann-hoppe-16076_big-government_more-paper-money-cannot-make-a-society-r_342494.jpg) [Download](https://sms4smile.com/quotes/i/0f5/hans-hermann-hoppe-16076_big-government_more-paper-money-cannot-make-a-society-r_342494.jpg) [Open image](https://sms4smile.com/quotes/i/0f5/hans-hermann-hoppe-16076_big-government_more-paper-money-cannot-make-a-society-r_342494.jpg) > “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](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Big government](https://sms4smile.com/quotes/about/big-government/) [Bigs](https://sms4smile.com/quotes/about/bigs/) [Central bank](https://sms4smile.com/quotes/about/central-bank/) [Central banks](https://sms4smile.com/quotes/about/central-banks/) [Clients](https://sms4smile.com/quotes/about/clients/) [Connected](https://sms4smile.com/quotes/about/connected/) [Country](https://sms4smile.com/quotes/about/country/) [Courses](https://sms4smile.com/quotes/about/courses/) [Expenses](https://sms4smile.com/quotes/about/expenses/) [Government](https://sms4smile.com/quotes/about/government/) [Late](https://sms4smile.com/quotes/about/late/) [Majors](https://sms4smile.com/quotes/about/majors/) [Money](https://sms4smile.com/quotes/about/money/) [More money](https://sms4smile.com/quotes/about/more-money/) [Paper](https://sms4smile.com/quotes/about/paper/) [Paper money](https://sms4smile.com/quotes/about/paper-money/) [Paper Poor](https://sms4smile.com/quotes/about/paper-poor-3180810/) [People](https://sms4smile.com/quotes/about/people/) [People Money](https://sms4smile.com/quotes/about/people-money/) [Poor](https://sms4smile.com/quotes/about/poor/) [Poor countries](https://sms4smile.com/quotes/about/poor-countries/) [Poor people](https://sms4smile.com/quotes/about/poor-people/) [Printed](https://sms4smile.com/quotes/about/printed/) [Producers](https://sms4smile.com/quotes/about/producers/) [Receiver](https://sms4smile.com/quotes/about/receiver/) [Richer Expense](https://sms4smile.com/quotes/about/richer-expense-3180809/) [Society Richer](https://sms4smile.com/quotes/about/society-richer-3180808/) [Stills](https://sms4smile.com/quotes/about/stills/) ## Related quotes > [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…](https://sms4smile.com/quotes/hans-hermann-hoppe/more-paper-money-cannot-make-a-society-richer-of-course-it-is-just-2/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [Western society is a society of ever richer, more varied, more productive, more self-defined, and more satisfying lives; it is a society of boundless…](https://sms4smile.com/quotes/ibn-warraq/western-society-is-a-society-of-ever-richer-more-varied-more/) [Ibn Warraq](https://sms4smile.com/quotes/author/ibn-warraq/) > [Welcome to the age of paper money, where governments and central banks can manufacture as much money as they want without limit. Gold was…](https://sms4smile.com/quotes/llewellyn-rockwell/welcome-to-the-age-of-paper-money-where-governments-and-central-banks/) [Llewellyn Rockwell](https://sms4smile.com/quotes/author/llewellyn-rockwell/) > [Thanks to the central bank, most ‘monetary experts’ and ‘leading macro-economists’ can, by putting them on the payroll, be turned into government propagandists ‘explaining,’…](https://sms4smile.com/quotes/hans-hermann-hoppe/thanks-to-the-central-bank-most-monetary-experts-and-leading-macro/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always…](https://sms4smile.com/quotes/william-e-rees/gold-is-not-less-but-more-rational-than-paper-money-money-holds-value/) [William E. Rees](https://sms4smile.com/quotes/author/william-e-rees/) > [“In accordance with such zeal, by reducing the external world to a matter of faith, he wanted merely to open a little door for…](https://sms4smile.com/quotes/arthur-schopenhauer/in-accordance-with-such-zeal-by-reducing-the-external-world-to-a/) [Arthur Schopenhauer](https://sms4smile.com/quotes/author/arthur-schopenhauer/) > [Mere opinions, in fact, were as likely to govern people's actions as hard evidence, and were subject to sudden reversals as hard evidence could…](https://sms4smile.com/quotes/kurt-vonnegut/mere-opinions-in-fact-were-as-likely-to-govern-people-s-actions-as/) [Kurt Vonnegut](https://sms4smile.com/quotes/author/kurt-vonnegut/) > [People would rather have art or gold instead of paper money.](https://sms4smile.com/quotes/eli-broad/people-would-rather-have-art-or-gold-instead-of-paper-money/) [Eli Broad](https://sms4smile.com/quotes/author/eli-broad/) > [That paper money has some advantages is admitted. But that its abuses also are inevitable and, by breaking up the measure of value, makes…](https://sms4smile.com/quotes/thomas-jefferson/that-paper-money-has-some-advantages-is-admitted-but-that-its-abuses/) [Thomas Jefferson](https://sms4smile.com/quotes/author/thomas-jefferson/) > [It gave me great pleasure to think that I could take wood, make it good, and make people like Rockefeller buy it with paper…](https://sms4smile.com/quotes/louise-berliawsky-nevelson/it-gave-me-great-pleasure-to-think-that-i-could-take-wood-make-it/) [Louise Berliawsky Nevelson](https://sms4smile.com/quotes/author/louise-berliawsky-nevelson/) > [Right now, nobody legalized paper money. Where did that come from.](https://sms4smile.com/quotes/ron-paul/right-now-nobody-legalized-paper-money-where-did-that-come-from/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Got paper, money forever green Glock .20, spittin a hundred and seventeen.](https://sms4smile.com/quotes/red-cafe/got-paper-money-forever-green-glock-20-spittin-a-hundred-and-seventeen/) [Red Cafe](https://sms4smile.com/quotes/author/red-cafe/) > [It is possible to increase paper-money income to any amount by debasing the currency. But real income can only be increased by working harder…](https://sms4smile.com/quotes/henry-hazlitt/it-is-possible-to-increase-paper-money-income-to-any-amount-by/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [The lure in art collecting and its financial rewards, not counting for a moment its aesthetic, cultural and intellectual rewards, is like the trust…](https://sms4smile.com/quotes/steve-martin/the-lure-in-art-collecting-and-its-financial-rewards-not-counting-for/) [Steve Martin](https://sms4smile.com/quotes/author/steve-martin/) > [Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is…](https://sms4smile.com/quotes/peter-schiff/most-paper-money-initially-existed-as-a-substitute-for-gold-that-s/) [Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/) ## More by Hans-Hermann Hoppe > [An expropriating property protector (the state, through taxation) is a contradiction in terms](https://sms4smile.com/quotes/hans-hermann-hoppe/an-expropriating-property-protector-the-state-through-taxation-is-a/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [If an agency is the ultimate judge in every case of conflict, then it is also judge in all conflicts involving itself. Consequently, instead…](https://sms4smile.com/quotes/hans-hermann-hoppe/if-an-agency-is-the-ultimate-judge-in-every-case-of-conflict-then-it/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [It is states that are responsible for the deaths of hundreds of millions of people and immeasurable destruction in the 20th century alone. Compared…](https://sms4smile.com/quotes/hans-hermann-hoppe/it-is-states-that-are-responsible-for-the-deaths-of-hundreds-of/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [“However, not only external expansion of state power is brought about by the ideology of nationalism. War as the natural outgrowth of nationalism is…](https://sms4smile.com/quotes/hans-hermann-hoppe/however-not-only-external-expansion-of-state-power-is-brought-about/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [The state operates in a legal vacuum. There exists no contract between the state and its citizens.](https://sms4smile.com/quotes/hans-hermann-hoppe/the-state-operates-in-a-legal-vacuum-there-exists-no-contract-between/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [No, the state is anything but the result of a contract! No one with even just an ounce of common sense would agree to…](https://sms4smile.com/quotes/hans-hermann-hoppe/no-the-state-is-anything-but-the-result-of-a-contract-no-one-with/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [“First, with the establishment of a state and territorially defined state borders, “immigration” takes on an entirely new meaning. In a natural order, immigration…](https://sms4smile.com/quotes/hans-hermann-hoppe/first-with-the-establishment-of-a-state-and-territorially-defined/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [“In accordance with his high time preference, he may want to be a vagabond, a drifter, a drunkard, a junkie, a daydreamer, or simply…](https://sms4smile.com/quotes/hans-hermann-hoppe/in-accordance-with-his-high-time-preference-he-may-want-to-be-a/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [What is true, just, and beautiful is not determined by popular vote. The masses everywhere are ignorant, short-sighted, motivated by envy, and easy to…](https://sms4smile.com/quotes/hans-hermann-hoppe/what-is-true-just-and-beautiful-is-not-determined-by-popular-vote-the/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [The state spends much time and effort persuading the public that it is not really what it is and that the consequences of its…](https://sms4smile.com/quotes/hans-hermann-hoppe/the-state-spends-much-time-and-effort-persuading-the-public-that-it/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [Thanks to the central bank, most ‘monetary experts’ and ‘leading macro-economists’ can, by putting them on the payroll, be turned into government propagandists ‘explaining,’…](https://sms4smile.com/quotes/hans-hermann-hoppe/thanks-to-the-central-bank-most-monetary-experts-and-leading-macro/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [Private property implies exclusivity, inequality, and difference.](https://sms4smile.com/quotes/hans-hermann-hoppe/private-property-implies-exclusivity-inequality-and-difference/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [“if the power of government rests on the widespread acceptance of false indeed absurd and foolish ideas, then the only genuine protection is the…](https://sms4smile.com/quotes/hans-hermann-hoppe/if-the-power-of-government-rests-on-the-widespread-acceptance-of/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [With the socialization of the health care system through institutions such as Medicaid and Medicare and the regulation of the insurance industry (by restricting…](https://sms4smile.com/quotes/hans-hermann-hoppe/with-the-socialization-of-the-health-care-system-through-institutions/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) > [Public officials are permitted to finance or subsidize their own activities through taxes. That is, they are permitted to engage in and live off,…](https://sms4smile.com/quotes/hans-hermann-hoppe/public-officials-are-permitted-to-finance-or-subsidize-their-own/) [Hans-Hermann Hoppe](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) [Explore all 41 Hans-Hermann Hoppe quotes ](https://sms4smile.com/quotes/author/hans-hermann-hoppe/) ## More Big government quotes > [Big-government proponents embrace both the power of the federal government and the idea that millions of Americans ought to be dependent on its largesse.…](https://sms4smile.com/quotes/gary-bauer/big-government-proponents-embrace-both-the-power-of-the-federal/) [Gary Bauer](https://sms4smile.com/quotes/author/gary-bauer/) > [Let's face a historical truth: we have never had a "free market", we have always had government intervention in the economy, and indeed that…](https://sms4smile.com/quotes/howard-zinn/let-s-face-a-historical-truth-we-have-never-had-a-free-market-we-have/) [Howard Zinn](https://sms4smile.com/quotes/author/howard-zinn/) > [Pure, hard-core liberals believe in a superior race. They think they're it. They believe they're more intelligent than the general run of mankind, better…](https://sms4smile.com/quotes/dean-koontz/pure-hard-core-liberals-believe-in-a-superior-race-they-think-they-re/) [Dean Koontz](https://sms4smile.com/quotes/author/dean-koontz/) > [I think part of the reason the Tea Party has resonated is that people feel disempowered. The Tea Party says, "You are out of…](https://sms4smile.com/quotes/zephyr-teachout/i-think-part-of-the-reason-the-tea-party-has-resonated-is-that-people/) [Zephyr Teachout](https://sms4smile.com/quotes/author/zephyr-teachout/) > [Big government helps the people who have made it. It doesn't help the people who are trying to make it; it crushes the people…](https://sms4smile.com/quotes/marco-rubio/big-government-helps-the-people-who-have-made-it-it-doesn-t-help-the/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [Hillary Clinton: putting big government spending financed by the Chinese ahead of good-paying jobs for middle-class Americans. Is she guilty or not guilty?](https://sms4smile.com/quotes/chris-christie/hillary-clinton-putting-big-government-spending-financed-by-the/) [Chris Christie](https://sms4smile.com/quotes/author/chris-christie/) > [I'm not a big government guy. I believe in private industries taking care of people. I think they do a better job.](https://sms4smile.com/quotes/scott-baio/i-m-not-a-big-government-guy-i-believe-in-private-industries-taking/) [Scott Baio](https://sms4smile.com/quotes/author/scott-baio/) > [Americans must either choose big government and be willing to pay for and submit to it, or they must move toward smaller, less intrusive…](https://sms4smile.com/quotes/oliver-demille/americans-must-either-choose-big-government-and-be-willing-to-pay-for/) [Oliver DeMille](https://sms4smile.com/quotes/author/oliver-demille/) > [What do intellectuals and opinion makers get from big government? An increasing number of cushy jobs in the bureaucracy, or in the government-subsidized sector,…](https://sms4smile.com/quotes/murray-rothbard/what-do-intellectuals-and-opinion-makers-get-from-big-government-an/) [Murray Rothbard](https://sms4smile.com/quotes/author/murray-rothbard/) > [America's Christian conservative movement is confronted with this divide: small-government advocates who want to practice their faith independent of heavy-handed government versus big-government sympathizers…](https://sms4smile.com/quotes/dick-armey/america-s-christian-conservative-movement-is-confronted-with-this/) [Dick Armey](https://sms4smile.com/quotes/author/dick-armey/) > [Vietnam should remind conservatives that whenever you put your faith in big government for any reason, sooner or later you wind up an apologist…](https://sms4smile.com/quotes/karl-hess/vietnam-should-remind-conservatives-that-whenever-you-put-your-faith/) [Karl Hess](https://sms4smile.com/quotes/author/karl-hess/) > [“Funding for the Special Operations Network comes directly from the government. Most work is centralized, but all of the SpecOps divisions have local representatives…](https://sms4smile.com/quotes/jasper-fforde/funding-for-the-special-operations-network-comes-directly-from-the/) [Jasper Fforde](https://sms4smile.com/quotes/author/jasper-fforde/) > [Offering 'comprehensive' reform usually means years of arguing and horse-trading among pressure groups to get anything done. By the time all the special interests…](https://sms4smile.com/quotes/victor-davis-hanson/offering-comprehensive-reform-usually-means-years-of-arguing-and/) [Victor Davis Hanson](https://sms4smile.com/quotes/author/victor-davis-hanson/) > [Unfortunately, President Obama's failed policies of new regulations, higher taxes, and Obamacare and his anti-business rhetoric have hit Hispanics especially hard. Big government really…](https://sms4smile.com/quotes/marco-rubio/unfortunately-president-obama-s-failed-policies-of-new-regulations/) [Marco Rubio](https://sms4smile.com/quotes/author/marco-rubio/) > [The press is hostile to the idea of liberty. Most people in the press are for big government. Most people think that the solution…](https://sms4smile.com/quotes/harry-browne/the-press-is-hostile-to-the-idea-of-liberty-most-people-in-the-press/) [Harry Browne](https://sms4smile.com/quotes/author/harry-browne/) [Browse all 245 Big government quotes ](https://sms4smile.com/quotes/about/big-government/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "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.", "creator": { "@type": "Person", "name": "Hans-Hermann Hoppe" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/hans-hermann-hoppe/more-paper-money-cannot-make-a-society-richer-of-course-it-is-just/", "about": { "@type": "Thing", "name": "Big government" }, "@id": "https://sms4smile.com/quotes/hans-hermann-hoppe/more-paper-money-cannot-make-a-society-richer-of-course-it-is-just/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/0f5/hans-hermann-hoppe-16076_big-government_more-paper-money-cannot-make-a-society-r_342494.jpg", "contentUrl": "https://sms4smile.com/quotes/i/0f5/hans-hermann-hoppe-16076_big-government_more-paper-money-cannot-make-a-society-r_342494.jpg", "url": "https://sms4smile.com/quotes/i/0f5/hans-hermann-hoppe-16076_big-government_more-paper-money-cannot-make-a-society-r_342494.jpg", "width": 1080, "height": 1080, "caption": "“More paper money cannot make a society richer, of course — it is just more printed paper. Otherwise, why is…” — Hans-Hermann Hoppe", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Hans-Hermann Hoppe", "item": "https://sms4smile.com/quotes/author/hans-hermann-hoppe/" }, { "@type": "ListItem", "position": 4, "name": "More paper money cannot make a...", "item": "https://sms4smile.com/quotes/hans-hermann-hoppe/more-paper-money-cannot-make-a-society-richer-of-course-it-is-just/" } ], "@id": "https://sms4smile.com/quotes/hans-hermann-hoppe/more-paper-money-cannot-make-a-society-richer-of-course-it-is-just/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```