Because what happens instead is that you repeat your interlocutor's claims, you validate the existence of a discourse at all -- and discourses necessarily have two sides.
Consider the following imagined conversation:
--
Alice: The Earth is hollow.
Bob: The Earth isn't hollow; here are some facts about the Earth that speak against this claim.
Carol: [to David, attempting neutrality] Disagreements about the hollowness of the planet continue
David [to Bob]: Experts disagree on whether or not the Earth is hollow; why are you not taking Alice's concerns seriously?
--
Generalizing, it's impossible to debunk an obviously false claim without subtly reinforcing the feeling that there must be some valid point being made. After all, would anyone be talking if there weren't facts on both sides?
Because engaging with a batshit idea effectively helps promote it, the best thing to do with such an idea is to hustle the 'bat' out of the conversation as quickly as possible, before you find that the conversation is now entertaining angels, square circles, and multiple Atlantii.
Yes, the need to downregulate dangerously absurd voices is in tension with free speech. Yes, it is still a necessary practice.
Yet, ultimately, one must also make peace with entropy. Over the long term, no conversation can withstand batshit. Sooner or later, the convo will turn. Sooner or later, Alice will be celebrated.