Is counterfeiting a moral hazard?

A counterfeit is an imitation, usually one that is made with the intent of fraudulently ping it off as genuine. Counterfeit products are often produced with the intent to take advantage of the superior value of the imitated product. The word counterfeit frequently describes both the forgeries of currency and doents, as well as the imitations of clothing, software, pharmaceuticals, watches, electronics and company logos and brands. In the case of goods, it results in patent infringement or trademark infringement. The counterfeiting of money is usually attacked aggressively by governments. The counterfeiting of goods is countenanced by some governments, including the Obama regime.