In Defense of Counterfeiting Illegitimate Money

Walter E. Block

American Journal of Economics and Sociology, 2010, vol. 69, issue 2, 867-880

Abstract: Counterfeiting legitimate money is, and ought to be, a crime, not only under the libertarian law code but under the rules and regulations of all civilized orders. But what about counterfeiting money that is per se illegitimate; that is, is itself counterfeit? Is that a licit human action? The present article argues, somewhat paradoxically, that it is. It offers a counterpart to two authors—Murphy (2006) and Machaj (2007)—who take the opposite point of view.

Date: 2010
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