> the state reserves some of the harshest punishments for counterfeiters
This is empirically untrue [1].
[1] https://en.wikipedia.org/wiki/Counterfeit_money#Penalties_by...
This is empirically untrue [1].
[1] https://en.wikipedia.org/wiki/Counterfeit_money#Penalties_by...
All of those, I believe, have the death penalty for e.g. corporate fraud.
This is a bit of a nut job hypothesis. States don’t collapse because of private counterfeiting. It simply becomes an economic nuisance. The budget given to anti-counterfeiting in any country is generally a rounding error compared with other policing.