"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."

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Source : "Dr. Hans-Hermann Hoppe on the Impracticality of One-World Government and the Failure of Western-style Democracy". Interview with Anthony Wile, www.thedailybell.com. March 27, 2011.

Hans-Hermann Hoppe

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