http://theunbrokenwindow.com/2009/01/13/why-is-counterfeiting-illegal/ The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek Thu, 24 May 2012 03:09:54 +0000 hourly 1 http://wordpress.org/?v=3.0.3 http://theunbrokenwindow.com/2009/01/13/why-is-counterfeiting-illegal/comment-page-1/#comment-9915 wintercow20 Thu, 08 Oct 2009 18:12:14 +0000 http://theunbrokenwindow.com/2009/01/13/why-is-counterfeiting-illegal/#comment-9915 What would make Paypal, and example of a private credit-money, counterfeit? Does it purport to be more valuable than it is? Or if a private company issued scrip, would that be viewed as counterfeit if the scrip redeems the amount it says it could redeem? I guess I don't understand the analogy. What would make Paypal, and example of a private credit-money, counterfeit? Does it purport to be more valuable than it is? Or if a private company issued scrip, would that be viewed as counterfeit if the scrip redeems the amount it says it could redeem? I guess I don’t understand the analogy.

]]> http://theunbrokenwindow.com/2009/01/13/why-is-counterfeiting-illegal/comment-page-1/#comment-9913 Nintendip Thu, 08 Oct 2009 17:08:29 +0000 http://theunbrokenwindow.com/2009/01/13/why-is-counterfeiting-illegal/#comment-9913 From that perspective, isn't all money that exists counterfeit? Money had to come from somewhere. However, there might be a difference between your average counterfeit and the U.S Federal reserve. The reserve might occasionally help out the economy, if it's convenient for them. Maybe? (I'm honestly not sure) If they do that, it might give them sort of a right to print the stuff out.... sort of. From that perspective, isn’t all money that exists counterfeit?
Money had to come from somewhere. However, there might be a difference between your average counterfeit and the U.S Federal reserve. The reserve might occasionally help out the economy, if it’s convenient for them. Maybe? (I’m honestly not sure) If they do that, it might give them sort of a right to print the stuff out…. sort of.

]]> http://theunbrokenwindow.com/2009/01/13/why-is-counterfeiting-illegal/comment-page-1/#comment-2179 Brad Samples Tue, 13 Jan 2009 17:11:41 +0000 http://theunbrokenwindow.com/2009/01/13/why-is-counterfeiting-illegal/#comment-2179 Fantastic post Fantastic post

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