5 ms·
Hadn't thought of it in that way, but there's some merit to that if you include government, police & power in general. Law enforcement needed really high penalt
by andruby 1y ago
Hadn't thought of it in that way, but there's some merit to that if you include government, police & power in general. Law enforcement needed really high penalties on counterfeiting money and check fraude to make cash and checks work. And I guess some of that is still the case with credit card fraude.
- throwanem 1y ago"Fraud," and there is no historicity to the idea that counterfeiting and adulteration only became a problem with the introduction of paper instruments. Indeed those replaced specie in considerable part to reduce opportunities for chicanery! Gold is gold, after all.