Postage II

"...Counterfeiters are generally reviled, and for good reason. But what happens when government sanctions, and in effect legalizes, counterfeiting, either by itself or by other institutions? Counterfeiting then becomes a grave economic and social problem indeed. For then there is no one to guard our guardians against their depredations of private property."

There are many potent arguments for endowing government with the monopoly on the use of force. I have yet to hear a good argument for giving them the green light to legalize counterfeiting. I know it was somewhat touched on in the first post (see comments of http://ramblingmatters.blogspot.com/2010/04/something-for-both-sides-cuz-there-are.html) but I would like to hear more from you all.