Repeatedly Ask Central Bankers This Question
by Hans-Hermann Hoppe
in a Q & A session at the 2012 Property and Freedom Society Meeting
It is very important in these replies to people like Krugman that we don’t get involved in technical details, but ask them questions almost like a child:
Explain to me how increase in paper pieces can possibly make a society richer? If that were the case, explain to me why there is still poverty in the world? Isn’t every central bank in the world capable of printing as much paper as they want? And do you then think society as a whole would be richer?
I’m sure the guy cannot answer this type of question. Nobody can answer this type of question.
We get far too much bogged down in answering technical details of his argument instead of always repeating this question: Please explain to me how a piece of paper can make society richer?