"There is no answer in the available literature to the question why a government monopoly of the provision of money is universally regarded as indispensable. ... It has the defects of all monopolies." Denationalisation of Money by F.A. Hayek, the 1976 argument for competitive private currencies that reads like a Bitcoin prophecy. Now available in the books section. Free PDF: https://iea.org.uk/wp-content/uploads/2016/07/Denationalisation%20of%20Money.pdf

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Denationalisation of Money - The Argument Refined

First published in 1976, Hayek's proposal to end the government monopoly on currency was revolutionary. He argued that instead of a national govern...