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The Denationalization of Money
''The Denationalization of Money'' is a book written by Friedrich Hayek, and published in 1976, in which he advocated the establishment of competitively issued private moneys. 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.
==Overview==
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.〔(【引用サイトリンク】url=http://www.nysun.com/opinion/ron-paul-upping-the-ante-in-his-campaign/87502/ )〕〔“There is no justification in history for the existing position of a government monopoly of issuing money. It has never been proposed on the ground that government will give us better money than anybody else could.” See ()〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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