The Trilogy

The Road to Serfdom, F A Hayek
Sets out the problem, the moral argument, the incongruities and the long term consequences of socialism.

Denationalization of Money, F A Hayek
The solution. The economic and social benefits of removing governments’ monopolies of central banks. Demonstrates the most effective way to eliminate long term inflation and to stop governments spending our grand children’s money.

Free Banking in Britain – Theory, Experience and Debate 1800-1845, Lawrence H. White
The proof of concept. While not exactly the denationalisation of money, the “Free Banking in Scotland” experience provides an almost unique perspective on life without central banks. If anyone thought that the Denationalization of Money was an academic concept that wouldn’t work in the real world, Lawrence White’s Free Banking in Britain proves otherwise.

Further Reading

The Pound Sterling, A Feaveryear
If you want to know what money really is, you should go back to the beginning and watch it evolve. It may have gone digital, but as Peter Drucker would say, it has only been “routinized”; money still works the same way as it did when it rose up throughout the middle ages. Which is probably the same as it did in civilisations before ours.

E-cash Issues: electronic cash is not just about technology, David Birch
Fast forward. Does the internet change everything? Birch looks at electronic money in all its forms, recognising that technology may well take the decisions on central banks away from the politicians and give it back to the markets.

Also of Interest

Strategy and the Internet, Michael E Porter
Managing in the Next Society, Peter Drucker

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