Denationalisation of Money: The Argument Refined (An Analysis of the Theory and Practice of Concurrent Currencies Series))

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Summary: An essential read on Laissez-faire money
Review: Nobel laureate F. A. Hayek makes a powerful case that government involvement in providing a medium of exchange (money) is neither necessary nor beneficial. In fact, government provision of currency is a threat to both liberty and financial stability. Hayek points out that governments have everywhere and always undermined the value of their currencies to reap revenue through inflation. He argues, convincingly, that the best hope for sound money lies in competition amongst privately issued currencies. This is an essential read for anyone interested in Free Banking or Laissez-faire Money.