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Ricardo, there are only two reasons besides the sheer illegality to object to the counterfeiter's activities. The first is that he is hurting as least as much as he is helping, since he is creating disincentives for the poor to improve their lot, or giving cash to addicts and the like. On the other hand, if no one knows of his activities except the beneficiaries, and they do not know that it is ongoing, and so long as he supports no one long term, he cannot create disincentives, and if he is careful in his inquiries, he will rarely merely feed a vice. The other is the potential for inflationary effects. But if he is personally handing out the money, it is unlikely that he will personally inject so much into the money supply to appreciably affect inflation. For those reasons, I would probably leave him be. However, those are also the ways in which he differs from the government, which could cause harm through inflation, and which could cause massive perverse side- effects of through welfare support... |
