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The Ethics of Countering the Private Counterfeiter: Rejoinder to Block

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  • Laura Davidson

Abstract

Counterfeiting is, and should be, a crime. It involves theft by deception, and the stealing of goods or other valuables using false claims to money. But what about counterfeiting money that is already counterfeit? In Block's interpretation, such an action amounts to seizing stolen goods from a thief. Counterfeiting simply relieves the original counterfeiter of his ill gotten gains and is therefore not theft itself. The present article offers a critique of this thesis of Block's on the basis that counterfeiting money involves the theft of property from innocent people.

Suggested Citation

  • Laura Davidson, 2010. "The Ethics of Countering the Private Counterfeiter: Rejoinder to Block," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(4), pages 1321-1327, October.
    • Handle: RePEc:bla:ajecsc:v:69:y:2010:i:4:p:1321-1327
    DOI: 10.1111/j.1536-7150.2010.00746.x
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    References listed on IDEAS

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    1. Hoppe, Hans-Hermann, 1994. "How Is Fiat Money Possible?--or, the Devolution of Money and Credit," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 7(2), pages 49-74.
    2. de Soto, Jesus Huerta, 1995. "A Critical Analysis of Central Banks and Fractional-Reserve Free Banking from the Austrian School Perspective," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 8(2), pages 25-38.
    3. Mateusz Machaj, 2007. "Against Both Private and Public Counterfeiting," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(5), pages 977-984, November.
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