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The Denationalisation of Money is a 1976 book by Friedrich Hayek. The author advocated the establishment of competitively issued private moneys. In 1978 Hayek published a revised and enlarged edition entitled Denationalisation of Money: The Argument Refined, where he speculated that rather than … See more
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, … See more
Economist Milton Friedman was critical of Hayek's writings of the 1970s on monetary reform. Noting Hayek's vigorous defense of invisible hand evolution that Hayek said has created better economic institutions than could be created by central planning, Friedman claimed … See more
According to the European Central Bank, the decentralization of money offered by bitcoin has its theoretical roots in The Denationalisation of Money: The Argument Refined, whilst political philosopher Adam James Tebble has argued that there are important … See more
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