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The societal cost of counterfeiting goes far beyond the nominal value of the fake coins in circulation (approximately one in thirty one pound coins is a counter
by pdog 10y ago
The societal cost of counterfeiting goes far beyond the nominal value of the fake coins in circulation (approximately one in thirty one pound coins is a counterfeit).
- jessriedel 10y agoYea, it would be a bit like conflating the nominal value of currency in circulation and the actual value to society of having physical currency at all. There are huge multiplier effects.
- kpil 10y agoI used some coins today. It was probably the first time in a year I used cash... While I see the value of failsafe money (except it really isn't) I think the returns are diminishing...