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The One Dollar Counterfeiter

amusingplanet.com

61–70 of 152 posts

Re: The One Dollar Counterfeiter

#61
post #27

> 10 years went by and the search for Mister 880 turned into the largest and most expensive counterfeit investigation in Secret Service history. The article doesn't explain why the Secret Service made this their biggest case, and it doesn't make much sense to me. If the dollars were accepted by the general population, it would cause an infinitesimal increase in inflation of no consequence to others. And if shopkeeper…

The state reserves some of the harshest punishments for counterfeiters, since large scale counterfeit operations is one of the few crimes that is an attack on the state itself. The US secret service was originally created specifically to combat counterfeit money, it's no surprise that they would keep tracking this man for a decade. This man is unusual because he did the tiniest amount of one the most severely punishe…

"since large scale counterfeit operations is one of the few crimes that is an attack on the state itself"

If somebody beats someone else up, to teach him a lesson - this is also a direct attack on the state itself, the monopoly on violence.

But "large scale"? This old man with his crude tools and bad 1 dollar notes?

"The press adored him and the public sympathized with him. "

That is probably the bit, that got them engaged. Cannot have this set as an example that works out for someone.

Re: The One Dollar Counterfeiter

#62
post #27

> 10 years went by and the search for Mister 880 turned into the largest and most expensive counterfeit investigation in Secret Service history. The article doesn't explain why the Secret Service made this their biggest case, and it doesn't make much sense to me. If the dollars were accepted by the general population, it would cause an infinitesimal increase in inflation of no consequence to others. And if shopkeeper…

The state reserves some of the harshest punishments for counterfeiters, since large scale counterfeit operations is one of the few crimes that is an attack on the state itself. The US secret service was originally created specifically to combat counterfeit money, it's no surprise that they would keep tracking this man for a decade. This man is unusual because he did the tiniest amount of one the most severely punishe…

> 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...

Re: The One Dollar Counterfeiter

#63
post #42

Earlier quoted context omitted.

I'm talking about the vague implications the parent poster was making - the purposes of which weren't very clear, but which I interpreted as: "A) Money is worth less than it was, (so printing fake money is justified) B) But on the other hand maybe he was part of the propertied class (in which case it wouldn't be)". I was asking whether they had a moral compass.

I think you're reading way too much into that comment. Sometimes questions are just questions out of curiosity, not accusations of the opposite.

I'm surprised people have such a knee-jerk reaction to my question.

Re: The One Dollar Counterfeiter

#64

> 10 years went by and the search for Mister 880 turned into the largest and most expensive counterfeit investigation in Secret Service history. The article doesn't explain why the Secret Service made this their biggest case, and it doesn't make much sense to me. If the dollars were accepted by the general population, it would cause an infinitesimal increase in inflation of no consequence to others. And if shopkeeper…

> If the dollars were accepted by the general population, it would cause an infinitesimal increase in inflation of no consequence to others.

That would depend on how many counterfeit dollars were out there, which the authorities did not know at that point of the investigation

Re: The One Dollar Counterfeiter

#65
post #61
post #27

Earlier quoted context omitted.

The state reserves some of the harshest punishments for counterfeiters, since large scale counterfeit operations is one of the few crimes that is an attack on the state itself. The US secret service was originally created specifically to combat counterfeit money, it's no surprise that they would keep tracking this man for a decade. This man is unusual because he did the tiniest amount of one the most severely punishe…

"since large scale counterfeit operations is one of the few crimes that is an attack on the state itself" If somebody beats someone else up, to teach him a lesson - this is also a direct attack on the state itself, the monopoly on violence. But "large scale"? This old man with his crude tools and bad 1 dollar notes? "The press adored him and the public sympathized with him. " That is probably the bit, that got them e…

> this is also a direct attack on the state itself, the monopoly on violence.

not quite, the state monopolises _legitimate_ violence. it delegitimises the violence of individuals by making assault etc illegal.

Re: The One Dollar Counterfeiter

#68
Moral of the story:

It's ok for the govt to print as many notes as is needed to satisfy the govt's needs needs but it is not ok for the common Joe to do the same. One is labeled as inflation or quantitative easing and the other is labeled a crime

Re: The One Dollar Counterfeiter

#69
post #27

Earlier quoted context omitted.

The state reserves some of the harshest punishments for counterfeiters, since large scale counterfeit operations is one of the few crimes that is an attack on the state itself. The US secret service was originally created specifically to combat counterfeit money, it's no surprise that they would keep tracking this man for a decade. This man is unusual because he did the tiniest amount of one the most severely punishe…

> 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...

The number of countries where life imprisonment is available possible sentence for counterfeiting seems to confirm it having some of the harshest punishments.

Re: The One Dollar Counterfeiter

#70

Slightly off-topic, but the first time I saw a (real) 2-dollar bill, I almost called the Secret Service on a customer. Was then educated about the legality of 2-dollar bills.

So you're the person that called the cops on that guy at Best Buy?

I don't know which story you are talking about. I was working at a frozen yogurt place.
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