More paper money cannot make a society richer, of course, โ 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 HoppeAll the impoverishing effects of socialism are with us in the U.S.: reduced levels of investment and saving, the misallocation of resources, the overutilization and vandalization of factors of production, and the inferior quality of products and services.
Hans-Hermann HoppeMore 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?
Hans-Hermann HoppeDemocracy allows for A and B to band together to rip off C. This is not justice, but a moral outrage.
Hans-Hermann HoppeIt is states that are responsible for the deaths of hundreds of millions of people and immeasurable destruction in the 20th century alone. Compared to that, the victims of private crimes are almost negligible.
Hans-Hermann HoppeNo, the state is anything but the result of a contract! No one with even just an ounce of common sense would agree to such a contract. I have a lot of contracts in my files, but nowhere is there one like this. The state is the result of aggressive force and subjugation. It has evolved without contractual foundation, just like a gang of protection racketeers. And concerning the struggle of all against all: that is a myth.
Hans-Hermann Hoppe