3 ms·

There is an entire classical book on it, available for free: https://mises.org/library/denationalisation-money-argument-refined https://mises.org/library/denat

• mintplant 9y ago
  I downvoted this comment because I don't think telling someone to go read an entire book effectively contributes to the discussion. Could you summarize the main points/arguments?
  • andai 9y ago
    https://en.wikipedia.org/wiki/The_Denationalization_of_Money https://en.wikipedia.org/wiki/The_Denationalization_of_Money > According to Hayek, instead of a national government issuing a specific currency, use of which is imposed on all members of its economy by force in the form of legal tender laws, private businesses should be allowed to issue their own forms of money, deciding how to do so on their own. > In 1978 Hayek published a revised and enlarged edition entitled Denationalization of Money: The Argument Refined, where he speculated that rather than entertaining an unmanageable number of currencies, markets would converge on one or only a limited number of monetary standards, on which institutions would base the issue of their notes.[2]