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In the past, sure-fire signs of a counterfeit, such as misspelled brand names or mismatched hardware, made it easy to tell whether a bag was real or fake. Still, it speaks to the folly of policymaking in 2014, 2024 and beyond. The problem is the policy that substitutes the narrow knowledge of legislators for the markets themselves. In placing a fake price on bags, legislators have essentially put consumers in the position of buying their way out of what some might imagine is environmental harm. The IOC stresses that counterfeit products not only undermine