Walter E. Block, Ph.D. is the Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics at Joseph A. Butt, S.J. College of Business Administration, Loyola University New Orleans, 6363 St. Charles Avenue, Box 15, Miller Hall 318, New Orleans, LA 70118; e-mail: email@example.com.
In Defense of Counterfeiting Illegitimate Money
Rejoinder to Murphy and Machaj
Article first published online: 22 MAR 2010
© 2010 American Journal of Economics and Sociology, Inc.
American Journal of Economics and Sociology
Volume 69, Issue 2, pages 867–880, April 2010
How to Cite
Block, W. E. (2010), In Defense of Counterfeiting Illegitimate Money. American Journal of Economics and Sociology, 69: 867–880. doi: 10.1111/j.1536-7150.2010.00716.x
- Issue published online: 22 MAR 2010
- Article first published online: 22 MAR 2010
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.