Internet and the End of Monetary Sovereignty

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* Article: The Internet and the End of Monetary Sovereignty. Bill Frezza.


Chapter 4 of the book: The Future of Money in the Information Age


Bill Frezza:

“Perhaps, for the first time, sovereign individuals will have the tools to construct a practical realization of laissez-faire capitalism without having to resort to a problematic social contract with an all-powerful state to create the conditions necessary to sustain a stable political economy. At the root of this system will be new monetary institutions that must inherently rest on the consent of the participants.

Cyberspace, which promises to shield individuals from the ravages of coercive force and allow them to conduct their affairs in secure anonymity, will bring forth a burst of creative human genius not seen since the last time a new world was discovered.” (

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